Business &amp; Accountancy Daily

VAT

Case Reports

Image for filing deadlines june september 2022

Tax | Filing deadlines: June - September 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for Forms P46(Car), confirmation statements showing taxed benefits and corporation tax filing

1 Jun 2022

Tax Compliance

Tax Planning

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Business | Susan Ball takes over as president of CIOT

The Chartered Institute of Taxation (CIOT) has launched a Diploma in Tax Technology, responding to the impact that technology is having on the work of tax advisers

1 Jun 2022

Image for hmrc demands refunds overpaid seiss payments

Tax | HMRC demands refunds of overpaid SEISS payments

HMRC is targeting self employed workers who overclaimed coronavirus grants during the pandemic, warns RSM

1 Jun 2022

Finance | Legal updates: June 2022

In this month’s legal updates, Sophie Brookes and Debbie Shaw, Gateley Legal, examine earn out payments in Asher, quasi-partnership and unfair prejudice, and serving claims on directors

1 Jun 2022

Finance

Law and Regulation

Image for till fraud clampdown stop tax evasion

Tax | Till fraud clampdown to stop tax evasion

HMRC officers are using new powers to target till fraud carrying out spot checks on businesses which suppress takings to avoid tax

1 Jun 2022

HMRC

Tax Compliance

Image for accountants stressed staff retention and mtd concerns

Business | Accountants stressed by staff retention and MTD concerns

Only one in 10 accountants are confident they can ensure their business grows its value over the next five years, reveals IRIS Software Group

1 Jun 2022

AI & Technology

Image for green light audit reform will create powerful regulator

Finance | Green light for audit reform will create powerful regulator

The long-awaited audit reforms will go ahead with the government finally setting out its vision for the profession with plans for shared audit, creation of a more powerful regulator and a move towards director accountability

31 May 2022

Auditing

Corporate Governance

Image for why uk isnt really losing ps192bn year offshore tax abuse

Tax | Why the UK isn’t really losing £19.2bn a year to offshore tax abuse

The common reporting standard has given HMRC the ability to access the financial details of taxpayers stashing money offshore, helping to close the tax gap, explains Andrew Park, tax investigations partner at Andersen

31 May 2022

Business | Anderson Anderson & Brown rebrands as AAB

Accountancy firm Anderson Anderson & Brown has rebranded as AAB as part of its long-term growth strategy

31 May 2022

Careers

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Finance | FRC to take on local council audit oversight

Changes to local audit will see the new audit regulator, the Audit Reporting and Governance Authority (ARGA), take responsibility for local council and health body audits

31 May 2022

Auditing

Corporate Governance

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Tax | Q&A: tax and finance costs restriction

In this week’s Q&A, Croner Taxwise tax advisor Alexandra Fielding explains the implications of creating a partnership to reduce tax liability on property ownership

31 May 2022

Tax Planning

Image for consultancy director banned over ps30k covid loan

Business | Consultancy director banned over £30k covid loan

A director claimed a £30,000 bounce back loan he was not entitled to and spent nearly a third on personal use

31 May 2022

Called to Account

Business | Missguided fashion business goes into administration

Online fashion retailer Missguided has called in administrators after failing to secure a pre-pack deal

31 May 2022

Restructuring & Insolvency

Image for government review accounting rules smallest companies

Finance | Government to review accounting rules for smallest companies

The government plans to review wider reporting burdens on large and small businesses including those from retained EU law

31 May 2022

Finance

Financial Reporting

Image for frc given full oversight auditors

| FRC given full oversight of auditors

The Financial Reporting Council (FRC) will be given full oversight of auditors, removing the current framework whereby professional bodies are responsible for this

31 May 2022

Auditing

Image for rd tax incentive claims opportunities and risks

Tax | R&D tax incentive claims – opportunities and risks

The research and development (R&D) tax incentives claims environment continues to evolve following relatively significant changes during 2021 and the first few months of 2022, explains Craig Flynn, VIP R&D consultant at Croner-i

30 May 2022

Tax | Global tax rate pushed back by a year

The OECD has confirmed that plans to introduce a global base corporate tax rate are being delayed by a year as the EU fails to reach agreement

30 May 2022

Business Tax

International Tax

Image for fashion company part wins ps216m follower notice dispute

Tax | Fashion company part wins £2.16m follower notice dispute

Fashion distributor Whispering Smith has lost part of its appeal against follower notices issued by HMRC in connection with an equity deferral plan

30 May 2022

Employment Tax

Case Reports

Image for auditors highlight risks war ukraine

Business | Auditors highlight risks of war in Ukraine

The conflict in Ukraine has exacerbated the severity and range of risks businesses are now grappling with, according to research by the Chartered Institute of Internal Auditors

30 May 2022

Companies

Image for catax acquires rd firm access2funding

Business | Catax acquires R&D firm Access2Funding

Innovation funding specialist Catax has acquired R&D tax relief consultancy Access2Funding

30 May 2022

Careers

Image for homeowners warned over bogus stamp duty refunds

Tax | Homeowners warned over bogus stamp duty refunds

New homeowners are being warned about cold calls from rogue tax repayment agents advising them to make speculative stamp duty land tax (SDLT) refund claims, which could leave them with large tax bills

30 May 2022

Property Tax

HMRC

Tax | Businesses using tax havens targeted by HMRC

HMRC is tracking 277 UK businesses it suspects of using tax havens to artificially reduce their tax bills in the UK, says law firm Pinsent Masons

30 May 2022

Tax | HMRC targets directors who break Kittel rules on VAT fraud

Company directors who commit VAT fraud or fail to demonstrate procedures to prevent VAT fraud in the supply chain are being targeted by HMRC with a trader monitoring campaign

30 May 2022

VAT

HMRC

Image for warning potential jubilee tax trap rural businesses

Tax | Warning on potential Jubilee tax trap for rural businesses

Rural businesses planning to use their land for public Jubilee celebrations need to consider the tax implications

30 May 2022