Business &amp; Accountancy Daily

Business Tax

Tax Compliance

Image for integrafin disputes ps79m vat demand

Tax | IntegraFin disputes £7.9m VAT demand

FTSE listed IntegraFin Holdings plc has been told by HMRC that a decision over VAT group status stands and the company faces a multimillion pound settlement

21 Jun 2022

VAT

HMRC

Image for mps call prosecution promoters abusive tax schemes

Tax | MPs call for prosecution of promoters of abusive tax schemes

MPs on the tax action group are calling for an amendment to the Economic Crime Bill to allow for prosecution of promoters and enablers of abusive tax schemes

21 Jun 2022

Tax Planning

Politics

Image for xeinadin swoops scott wilkinson accountants

Business | Xeinadin swoops on Scott & Wilkinson accountants

Accountancy group Xeinadin has acquired Scott & Wilkinson, a Lancaster based accountancy firm, following a boost from private equity investment

21 Jun 2022

Image for online sales tax complicated and costly run says cps

Tax | Online sales tax complicated and costly to run, says CPS

Plans to introduce an online sales tax would see prices rise for consumers while it would be complicated and costly to administer, finds research by the Centre for Policy Studies

21 Jun 2022

Business Tax

Image for bankrupt banned over ps50k bounce back loan

Business | Bankrupt banned over £50k bounce back loan

A bankrupt from north London has been given eight years of additional restrictions after he applied for bounce back loan for a bogus business

21 Jun 2022

Called to Account

Image for pwc appoints 77 equity partners

Business | PwC appoints 77 equity partners

PwC UK has appointed 77 new equity partners from 1 July 2022 bringing the total number of partners close to 1,000

21 Jun 2022

Image for how ukrainian accountancy market responding war

Business | How the Ukrainian accountancy market is responding to the war

Sergey Atamas, managing partner of Kreston Ukraine, explains how Ukrainian accountants and auditors are dealing with the ramifications of the war

20 Jun 2022

Image for buy now pay later loans face tighter credit controls

Business | Buy now pay later loans face tighter credit controls

The government plans to tighten up the regulation of interest-free buy now pay later (BNPL) credit agreements

20 Jun 2022

Companies

Image for church group wound over ps18m accounts failure

Business | Church group wound up over £1.8m accounts failure

A London-based church group has been wound up after failing to properly account for more than £1.87m of outgoings and operating with a lack of transparency

20 Jun 2022

Restructuring & Insolvency

Image for treasury pushes online tool flag national insurance cut

Tax | Treasury pushes online tool to flag National Insurance cut

The Treasury has launched an online tool to show how take home pay will be affected by the upcoming changes to the National Insurance threshold from July

20 Jun 2022

Personal Tax

HMRC

Image for 220k exporters need sign single customs platform

Tax | 220k exporters need to sign up to single customs platform

Businesses are being urged to move onto HMRC's new single customs platform before the deadline of 30 September 2022 as the CHIEF system will be closed

20 Jun 2022

Business | IoD sets out proposal for voluntary code of conduct for directors

More than half of company directors are in favour of the creation of a voluntary code of conduct to hold businesses more accountable

20 Jun 2022

Companies

Image for industry calls business and tax support package

Business | Industry calls for business and tax support package

Manufacturers are calling for an emergency, pre-recess package of business support measures including extension of temporary tax reliefs to support companies from escalating costs

20 Jun 2022

Companies

Image for umbrella company loses ps11m tax dispute over expenses

Tax | Umbrella company loses £11m tax dispute over expenses

An umbrella company has lost a multimillion pound tax dispute with HMRC over whether contract construction workers were entitled to claim travel costs tax-free

17 Jun 2022

Tax | Tax bodies highly critical of HMRC performance

HMRC service levels have come under criticism from accountants and tax agents as turnaround times fall below expectations and waiting time on calls is still too long

17 Jun 2022

HMRC

Tax Compliance

Tax | HMRC ramps up checks on R&D tax relief claimants

HMRC is strengthening checks on research and development (R&D) tax claims to crack down on abuse of the reliefs

17 Jun 2022

Business | Man sentenced over HMRC phone scam

A Norfolk man who allowed his bank account to be used to steal more than £4,000 in two separate scams has been sentenced

17 Jun 2022

Called to Account

Image for people news bdo french duncan azets kpmg

Business | People in the news: BDO, French Duncan, Azets, KPMG

In this week’s accountancy career moves, partner promotions at BDO, French Duncan, Azets and KPMG, hires at Johnston Carmichael and FRP Advisory, and tech appointments at ICAEW

17 Jun 2022

Image for company insolvencies rise costs hit cashflow

Business | Company insolvencies rise as costs hit cashflow

The number of insolvencies is increasing as companies face cashflow and supply chain issues, curbing their growth potential

17 Jun 2022