Business &amp; Accountancy Daily

Image for mps call accountants shed light loan charge clients

Tax | MPs call on accountants to shed light on loan charge clients

The Loan Charge and Taxpayer Fairness APPG has launched a call for evidence, this time from advisers with clients affected by the loan charge

16 Jun 2022

Personal Tax

Consultations

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Business | Bank increases interest rate to 1.25%

The base rate has been increased by 0.25% to 1.25% in the third rise this year following the latest meeting of the Bank of England

16 Jun 2022

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Tax | Penalties for Making Tax Digital harsh and outdated

The Association of Taxation Technicians (ATT) is urging the government to rethink the outdated penalties for not complying with Making Tax Digital (MTD) for VAT

16 Jun 2022

| EY plans $1bn investment in audit technology

EY is to invest $1bn (£820,000) in its global audit business by integrating various audit related technologies into a single platform to improve data analysis and the user experience

16 Jun 2022

Tax | Saving inheritance tax on the family home

The threat of a large inheritance tax (IHT) bill means that it is more important than ever to ensure that tax planning is up to date when it comes to the family home, explains Croner-i contributor Meg Saksida

15 Jun 2022

Personal Tax

Tax Planning

Image for mtd income tax pilot opened more taxpayers

Tax | MTD for income tax pilot opened up to more taxpayers

HMRC plans to extend the pilot for Making Tax Digital (MTD) for income tax self assessment, opening up the pilot to more self employed workers and landlords

15 Jun 2022

Tax | HMRC updates Basic PAYE Tools for national insurance threshold

HMRC has issued an important update to the Basic PAYE Tools (BPT) which need to be used from the beginning of July 2022 due to national insurance changes

15 Jun 2022

Business | HMRC hands out £12.5m in fines for tax evaders

A fish seller, buy-to-let landlords and a crypto investor, not to mention an accountant and bookkeeper, all failed to pay their taxes and face millions of pounds in penalties

15 Jun 2022

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Finance | Charity used £450k property sale to fund luxury travel

The Charity Commission has ordered a charity to improve its governance and financial controls after mismanagement of funds and undocumented spending

15 Jun 2022

Charities

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Business | IoD consults on how to improve innovation

The Institute of Directors has launched an inquiry into governance and innovation, to explore the extent to which companies’ governance arrangements and the regulatory framework deter innovation

15 Jun 2022

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Business | More healthcare professionals can certify fit notes

Sick notes can now be issued by a wider range of healthcare professionals to free up time for GPs and reduce administrative burden

15 Jun 2022

Image for no fault divorces raise complex tax issues

Tax | ‘No fault’ divorces raise complex tax issues

Changes to divorce laws make it more important than ever to ensure that complex tax rules are followed to avoid a punishing tax bill, warns HW Fisher

14 Jun 2022

Tax | Sign up for free R&D tax claims webinar

There is significant commentary regarding research and development (R&D) tax claims right now. We want to respond to recent commentary and developments in the R&D claim environment, claim optimisation and risk mitigation, and advise on successful and unsuccessful claims in light of HMRC enquiries.

14 Jun 2022

Business Tax

Image for qa business asset disposal relief and holiday lets

Tax | Q&A: business asset disposal relief and holiday lets

In this week’s Q&A, David Woolley, tax consultant at Croner-i, considers the tax compliance issues when using business asset disposal relief for furnished holiday lettings

14 Jun 2022

Tax | £1.5k plug-in grant for electric cars scrapped

The government is withdrawing the plug-in grant for cars scheme, which offered discounts on low-emission vehicles, to focus on charge points

14 Jun 2022

Personal Tax

Image for uk delays global base rate until 2024

Tax | UK delays global base rate until 2024

The Treasury has confirmed that it will delay the introduction of the 15% global base tax rate until the end of 2023, as OECD progress on the tax stalls

14 Jun 2022

Business Tax

International Tax

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Business | Former footballer given six-year bankruptcy restrictions

Former professional footballer now coaching abroad chose to pay off £120,000 gambling debts ahead of other creditors

14 Jun 2022

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Business | Moore Global revenue hits $3.56bn

Accountancy network Moore Global has reported double digit growth across its network ahead of European conference

14 Jun 2022

Careers

Image for covid loans saved 500k businesses

Business | Covid loans saved up to 500k businesses

A third of businesses that took out bounce back loans could have collapsed without the support of the government’s Covid-19 loan guarantee schemes during the pandemic

14 Jun 2022

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Business | Tilney Smith & Williamson rebrands to Evelyn Partners

Accountancy and asset management firm Tilney Smith & Williamson has consolidated its brands under a new name, Evelyn Partners

14 Jun 2022