FRC considering audit probe into Man City FC, 1.4m directors remain unverified for ID at Companies House, and Register for the Budget 2026 tax changes webinar now

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Image for uber settles ps615m tax dispute hmrc

Tax | Uber settles £615m tax dispute with HMRC

Taxi app Uber has secured a deal with HMRC to settle an outstanding VAT bill for £615m over its designation as a transport provider

1 Nov 2022

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Tax | Q&A: married couples’ tax allowance

In this week’s Q&A, Croner-i apprentice tax advisor Ria Dhillon, explains the tax implications of the married couples’ allowance when earnings change

1 Nov 2022

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Finance | Legal updates: November 2022

Sophie Brookes and Debbie Shaw, Gateley plc, examine the latest rulings in Sequana over directors’ duties, restrictive covenants in Credico Marketing and articles of association in Active Wear decision

1 Nov 2022

Law and Regulation

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Tax | VAT updates: November 2022

In our monthy round-up of cases, VAT expert Graham Elliott examines the rulings in Zaman over burden of proof, management fees in Intelligent Money and giant marshmallows in Innovative Bites

1 Nov 2022

Image for record growth ey partners earn ps800k

Business | Record growth at EY as partners earn £800k

EY has reported record levels of growth for its UK business, with revenues up 17.2% and fee income increasing to £3.23bn from £2.75bn over the last financial year

1 Nov 2022

Accountancy Firms

Leadership & Management

Image for streets chartered accountants acquires whittles

Business | Streets Chartered Accountants acquires Whittles

Streets Chartered Accountants has signed a merger deal with Colchester accountancy firm Whittles

1 Nov 2022

Accountancy Firms

Leadership & Management

Image for coventry city fc must pay tax bill year end

Business | Coventry City FC must pay tax bill by year end

Following recent cashflow problems, Coventry City Football Club has signed a time to pay agreement with HMRC over a bill for millions in tax

1 Nov 2022

Accountancy Firms

Restructuring & Insolvency

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Business | Property company Boomin goes bust

Boomin, the online property portal, has called in liquidators after failing to secure new funding

1 Nov 2022

Accountancy Firms

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Business | Made.com faces administration

Online furniture Made.com has announced plans to appoint PwC as administrator following the suspension of shares on the London Stock Exchange

1 Nov 2022

Accountancy Firms

31 Oct 2022

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Business | Sequana judgment: keep calm and carry on

The Sequana ruling on the duty of directors to creditors in the event of insolvency gives a level of clarity, explain Lois Horne, Macfarlanes LLP, and Matthew Weaver KC, Radcliffe Chambers

31 Oct 2022

Accountancy Firms

Restructuring & Insolvency

Leadership & Management

Image for hmrc arrests eight over ps16m rd tax scam

Tax | HMRC arrests eight over £16m R&D tax scam

As part of a clampdown on the misuse of research and development (R&D) tax credit, HMRC has arrested a gang making fraudulent claims worth millions

31 Oct 2022

Image for one 10 companies still file paper accounts

Finance | One in 10 companies still file paper accounts

A significant number of companies still file their annual accounts on paper despite a push to digital filing, Companies House figures reveal

31 Oct 2022

Financial Reporting

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Business | Tax hike on dividends could raise £6bn

A thinktank is calling for a tax hike on dividends and share buybacks to help plug the government’s funding

31 Oct 2022

Accountancy Firms

Image for crypto firm shut down after ps600k investment scam

Business | Crypto firm shut down after £600k investment scam

A cryptocurrency trading firm has been shut down by the High Court after scamming investors of £600,000

31 Oct 2022

Restructuring & Insolvency

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Business | Collapsed Bulb agrees deal with Octopus

Octopus Energy is to take on the customers of collapsed energy firm Bulb after nearly a year of taxpayer support

31 Oct 2022

Restructuring & Insolvency

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Business | AAB acquires R&D specialist May Figures

Accountancy and tax specialist AAB Group has continued on the expansion trail with the acquisition of R&D consultancy, May Figures

31 Oct 2022

Accountancy Firms

Leadership & Management

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Business | Worcester Warriors rugby club rescue plan

The administrators of Worcester Warrior Rugby Club have announced a rescue deal for the club which went into administration last month

31 Oct 2022

Restructuring & Insolvency

28 Oct 2022

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Tax | HMRC must curb accountants selling avoidance schemes

MPs on the APPG are calling for an ‘immediate legislative fix’ on how HMRC tackles tax fraud and criticised the role of accountants and tax advisers

28 Oct 2022

Law and Regulation

Image for training firm shut down over ps60k covid fraud

Business | Training firm shut down over £60k covid fraud

A training company has been struck off after fraudulently taking £60,000 from bounceback loans despite not being eligible

28 Oct 2022

Called to Account

Image for natwest hires pwc ps40m audit

| NatWest hires PwC for £40m audit

NatWest plans to change auditor with the appointment of PwC to replace incumbent EY after a competitive tender

28 Oct 2022

Corporate Governance

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Business | ICAEW gives members free access to faculty content

Expert content produced by specialist faculties, including tax and accounting, will be given free to all ICAEW members from January 2023

28 Oct 2022

Accountancy Firms

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Finance | ISSB aligns materiality definition for sustainability standards

The International Sustainability Standards Board (ISSB) has confirmed that it will re-deliberate internally the draft plans for the new sustainability reporting standards

28 Oct 2022

Financial Reporting

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Business | People in the news: EY, KPMG, PKF Francis Clark, Alvarez & Marsal

In this week’s accountancy career moves, partner promotions at EY, KPMG, PKF Francis Clark, Alvarez & Marsal, board change at Kreston Global and IAASB vice chair

28 Oct 2022

Accountancy Firms

Leadership & Management

Image for rsm relocates bromley office location

Business | RSM relocates Bromley office location

RSM UK has moved into T Bromley, a modern, high quality workspace in a prime location on London Road in Bromley

28 Oct 2022

Accountancy Firms

Leadership & Management

Image for maternity rules extend redundancy protection

Business | Maternity rules extend redundancy protection

The government plans to offer pregnant women and new parents greater protections against redundancy

28 Oct 2022

Accountancy Firms

Image for third public sector audits need improvement says frc

| Third of public sector audits need improvement, says FRC

The quality of public sector audits has improved in the last year despite the fact that a third still required improvements

28 Oct 2022

Corporate Governance

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Business | Small businesses wait longer for payments

Payments to small businesses were made on average 8.2 days late in September, the highest late payment time since August 2020

28 Oct 2022

Business | Armstrong Watson expands with Haworths acquisition

Armstrong Watson has acquired Yorkshire based practice Haworths Chartered Accountants

28 Oct 2022

Accountancy Firms

Leadership & Management

FRC considering audit probe into Man City FC, 1.4m directors remain unverified for ID at Companies House, and Register for the Budget 2026 tax changes webinar now

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