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Tax | Business property relief and excepted assets

Building up cash reserves could leave a nasty sting in the tail if you want to use business property relief to offset inheritance tax bills, but there are ways to mitigate the problem

28 Sep 2022

Tax | IMF and Moody’s criticise tax cuts

The International Monetary Fund (IMF) and Moody’s have criticised the UK’s tax cutting plans, calling on the government to reconsider the measures

28 Sep 2022

Tax

Budget

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Business | Number of fraud offences soars to 4.5 million

Fraud offences have risen by 25% over the last two years, totalling 4.5 million offences, reveals ONS study

28 Sep 2022

Business

Accountancy Firms

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Business | Deloitte launches climate learning programme

Deloitte is launching a global education programme to improve sustainability and climate knowledge, alongside new skills across the firm

28 Sep 2022

Business

Companies

Accountancy Firms

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| Revised ISA 600 calls for robust audit communications

The FRC has published a revised ISA (UK) 600 Special Considerations for auditors with a focus on better communication and material misstatement risks

28 Sep 2022

Auditing

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Finance | TPR calls for more diversity on trustee boards

The Pensions Regulator (TPR) and the pensions industry have joined forces to improve diversity and inclusion across trustee boards

28 Sep 2022

Business

Charities

Careers

Leadership & Management

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Tax | Register for self assessment by 5 October

HMRC is reminding taxpayers to register for self assessment by 5 October if they plan to use online tax return filing service

28 Sep 2022

Business | Doncaster Sheffield Airport to close

Doncaster Sheffield Airport is to close later this year as owners say it is not possible to make the business profitable

28 Sep 2022

Business

Companies

| FRC Carillion report details KPMG misconduct

Faking an audit evidence spreadsheet and rewriting missing minutes of overseas clearance meetings were examples of misconduct identified by audit inspectors, tribunal report shows

28 Sep 2022

Corporate Governance

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Tax | Director loses £470k appeal over VAT fraud

A director of a used car trading company has lost an appeal against a First Tier Tribunal (FTT) decision over fraudulent activity involving VAT

27 Sep 2022

Tax

VAT

HMRC

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Business | Go virtual – join AIB events from home

Accountants in Business kickstarted earlier this month and received excellent feedback with a majority of attendees rating it 5/5 stars

27 Sep 2022

Business

Companies

Training & CPD

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Business | PPE provider failed to pay £3.5m tax bill

Market researchers, a PPE provider and a football manager all avoided tax bills totalling £17m the last quarter and face millions of pounds in fines from HMRC

27 Sep 2022

Business

Called to Account

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Tax | Q&A: super deduction balancing charge

In this week’s Q&A, Croner-i tax adviser David Lawson, considers the best time to dispose of machinery purchased through the super deduction tax break

27 Sep 2022

Tax | Non-doms avoid £3.2bn in tax

High net worth individuals with non-domicile status legally avoid paying more than £3.2bn of tax on at least £10.9bn of offshore income a year

27 Sep 2022

Tax

International Tax

HMRC

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Finance | Sustainability standards need to be more scalable, says ISSB

The International Sustainability Standards Board (ISSB) plans to revisit parts of the proposed sustainability standards to ensure they are more scalable for businesses

27 Sep 2022

Tax | Chancellor plans November fiscal statement

The Treasury has confirmed that the Chancellor will present a medium-term fiscal plan in November supported by costings

27 Sep 2022

Tax

Budget

Politics

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Finance | Charities: how to deal with crypto donations

Living in a digital world has been a learning curve for many businesses and charities are no exception. Blandy & Blandy’s Jeanne Koua discusses the factors charities need to consider when receiving NFT and cryptocurrency donations

26 Sep 2022

Business

Charities

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Tax | How income tax cuts affect earners

In the mini Budget, the Chancellor set out plans to reduce the basic rate of income tax to 19% and in a surprise move abolished the 45% tax rate

26 Sep 2022

Tax | HMRC raises late payment interest from 11 October

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate

26 Sep 2022

Tax

HMRC

Tax Compliance

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Tax | CPD module: taxing partnerships

In this month's Accountancy Daily CPD module, we examine the tax implications of partnerships and reporting profits and losses

26 Sep 2022

Tax | Mini Budget 2022: share option scheme doubled to £60k

The government announced two changes to the company share option plan (CSOP) scheme including doubling the share limit

26 Sep 2022

Finance | Leaseback accounting change in IFRS 16 agreed

The International Accounting Standards Board (IASB) has amended IFRS 16 Leases to clarify how a company accounts for a sale and leaseback after the date of the transaction

26 Sep 2022

Finance

Financial Reporting

IFRS

Navigate

Tax Services

Latest news

Tax | Business property relief and excepted assets

Tax | IMF and Moody’s criticise tax cuts

Business | Number of fraud offences soars to 4.5 million

Business | Deloitte launches climate learning programme

| Revised ISA 600 calls for robust audit communications

Finance | TPR calls for more diversity on trustee boards

Tax | Register for self assessment by 5 October

Business | Doncaster Sheffield Airport to close

| FRC Carillion report details KPMG misconduct

Tax | Director loses £470k appeal over VAT fraud

Business | Go virtual – join AIB events from home

Business | PPE provider failed to pay £3.5m tax bill

Tax | Q&A: super deduction balancing charge

Tax | Non-doms avoid £3.2bn in tax

Finance | Sustainability standards need to be more scalable, says ISSB

Tax | Chancellor plans November fiscal statement

Finance | Charities: how to deal with crypto donations

Tax | How income tax cuts affect earners

Tax | HMRC raises late payment interest from 11 October

Tax | CPD module: taxing partnerships

Tax | Mini Budget 2022: share option scheme doubled to £60k

Finance | Leaseback accounting change in IFRS 16 agreed