Business &amp; Accountancy Daily

HMRC

Tax Compliance

Image for people news ey bishop fleming 360 rsm mha moore and smalley

HR | People in the news: EY, Bishop Fleming, 360, RSM, MHA Moore and Smalley

In this week’s accountancy career moves, partner promotions at EY, Deloitte and Bishop Fleming, and hires at RSM, MHA Moore and Smalley, and Dow Schofield Watts

24 Jun 2022

Careers

Leadership & Management

Image for winchester golf pro holed ps100k fraud

Business | Winchester golf pro holed by £100k fraud

The head golf professional at the Royal Winchester Golf Club has been found guilty of fraud after he under-reported the value of green fees paid by visitors to the club over a five-year period

24 Jun 2022

Image for fraudster jailed over ps70k tax repayment claims

Business | Fraudster jailed over £70k tax repayment claims

A tax fraudster has been jailed after making £70,000 of tax repayment claims to HMRC using self assessment tax returns

24 Jun 2022

Image for kpmg and university cambridge focus mental wellbeing

Business | KPMG and University of Cambridge focus on mental wellbeing

KPMG UK and the University of Cambridge have signed a five-year partnership to work together on assessing mental wellbeing and the changing world of work

24 Jun 2022

Business | Squeeze on spending as retail sales fall by 0.5%

Retail sales were down 0.5% in May 2022 following a rise of 0.4% the previous month as consumer confidence fell and food purchases were put under pressure

24 Jun 2022

Business | Business insurance costs increase by up to 20%

Businesses in the UK may see price rises of between 10-20% in the cost of their annual insurance bill, according to estimates from PwC UK

24 Jun 2022

Image for record 400 firms sign women finance charter

Business | Record 400 firms sign up to Women in Finance Charter

For the first time, over 400 firms, covering one million employees, are now signed up to the Women in Finance Charter, but the share of female representation is flat

24 Jun 2022

Leadership & Management

Image for consultation rules 25 energy profits levy

Tax | Consultation on rules for 25% energy profits levy

The government has launched a consultation on draft legislation for the 25% surcharge on the extraordinary profits the oil and gas sector is making

24 Jun 2022

Consultations

Image for corporation tax relief expenditure buildings

Tax | Corporation tax relief for expenditure on buildings

Craig Flynn, VIP R&D consultant at Croner-i, explains how to claim corporation tax relief for expenditure on buildings, with tips and advice on how to overcome perceived difficulties in the claim process

23 Jun 2022

Tax | Small businesses worst offenders across £32bn tax gap

The estimated tax gap for the 2020 to 2021 tax year is 5.1% with small businesses accounting for nearly half of unpaid tax

23 Jun 2022

HMRC

Tax Compliance

Tax | OTS warning on obscure tax scam

The Office of Tax Simplification (OTS) has issued a warning that scammers are using their brand identity and logo to dupe people into paying tax bills

23 Jun 2022

Personal Tax

Tax | Personal tax take up £10bn in one month

Monthly tax receipts hit £121.9bn with income tax and National Insurance contributions up by nearly £10bn as employee numbers rise and bonuses are taxed

23 Jun 2022

Personal Tax

HMRC

Image for insurers face compliance issues ifrs 17 rollout

Finance | Insurers face compliance issues with IFRS 17 rollout

Insurance companies are facing rising costs to make preparations for the introduction of IFRS 17 Insurance Contracts while 40% of largest companies are not ready for the accounting standard

23 Jun 2022

Finance

IFRS

Image for companies struck over ps85k covid loan abuse

Business | Companies struck off over £85k covid loan abuse

Two connected companies have been wound up in court after they abused multiple local authorities to receive covid support loans worth £85,000 they were not entitled to

23 Jun 2022

Image for lack progress pensions dashboards warns tpr

Finance | Lack of progress on pensions dashboards, warns TPR

The Pensions Regulator warns trustees to ramp up their work on preparing pensions dashboards as the first schemes will go live in 12 months

23 Jun 2022

Pensions

Image for hutcheon mearns expands norwich office

Business | Hutcheon Mearns expands with Norwich office

Finance advisory specialists Hutcheon Mearns is opening a dedicated service hub in Norwich, offering its full services to East Anglia

23 Jun 2022

Careers

Leadership & Management

Image for 100 days left use paper ps20 and ps50 banknotes

Business | 100 days left to use paper £20 and £50 banknotes

The Bank of England will be withdrawing legal tender status of the old paper £20 and £50 banknotes at the end of September

23 Jun 2022

Image for year end expenses and benefits reporting tips and advice

Tax | Year-end expenses and benefits reporting — tips and advice

As the 6 July deadline for year-end expenses and benefits reporting via P11D approaches, Caroline Harwood, partner at BDO, sets out the key issues to consider when filing, particularly with covid exemptions now removed

22 Jun 2022

Employment Tax

Tax Compliance

Image for icaew will monitor isqm 1 compliance firms

Finance | ICAEW will monitor ISQM 1 compliance at firms

ICAEW has set out initial framework for how it will monitor compliance with the International Standard on Quality Management 1 (ISQM 1) rules set to come in this December

22 Jun 2022

Business | Ex-footballer given suspended sentence for £3.2m tax fraud

Former Cameroon and Chelsea footballer Samuel Eto’o has been sentenced in a Spanish court in a dispute over tax paid on image rights when he first played at Barcelona in the mid 2000s

22 Jun 2022