Business &amp; Accountancy Daily

Personal Tax

International Tax

Image for corporate tax reliefs hit ps105bn

Tax | Corporate tax reliefs hit £105bn

The value of business tax reliefs in the UK hit £105.3bn in the past year, shows new research from Thomson Reuters

14 Nov 2022

Business Tax

HMRC

Image for joules falls administration risking 1600 jobs

Business | Joules falls into administration risking 1,600 jobs

The UK clothing and homeware group has said it plans to appoint administrators, putting as many as 1,600 jobs at risk

14 Nov 2022

Image for seafood supplier banned ps2m tax fraud

Business | Seafood supplier banned for £2m tax fraud

Adrian Nunn, sole director of Upper Scale Limited, has been disqualified as a director for 11 years after he falsely accounted over £2.3m for six years up to 2017

14 Nov 2022

Restructuring & Insolvency

Image for value rd tax credits down ps275m

Tax | Value of R&D tax credits down by £275m

The value of R&D tax credits relief claimed by UK businesses has fallen for the first time since the scheme began in 2000, down by £275m in a year

14 Nov 2022

Tax | What accountants expect in Autumn Statement

The Chancellor is planning further tax changes and budget cuts in the Autumn Statement on 17 November. We ask accountants about their predictions

14 Nov 2022

Budget

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Business | People in the news: Henderson Loggie, RBK, PwC, French Duncan

In this week’s accountancy career moves, partner promotions at KPMG, PwC, Kingsley Napley, director hires at RBK and French Duncan

11 Nov 2022

Leadership & Management

Image for restaurant bosses banned ps150k covid fraud

Business | Restaurant bosses banned for £150k covid fraud

Three restaurateurs have been banned from running businesses for a total of 26 years after fraudulently claiming £150,000 worth of bounce back loans

11 Nov 2022

Restructuring & Insolvency

Image for clothing director loses ps170k tax appeal

Tax | Clothing director loses £170k tax appeal

A director of a clothing company has lost a First Tier Tribunal (FTT) appeal over late filing of his self assessment tax returns

11 Nov 2022

Tax | Retailers not passing on tampon tax VAT cut

Savings on tampon tax are not being passed on by UK retailers in the form of lower prices, according to Tax Policy Associates

11 Nov 2022

Business Tax

VAT

Image for hmrc targets buy let landlords nudge letters

Tax | HMRC targets buy to let landlords with nudge letters

Buy to let landlords are being contacted by HMRC in its latest nudge campaign, which identifies people who may not be declaring their full rental income, warns Kreston Reeves

11 Nov 2022

Property Tax

HMRC

Image for apprenticeship levy needs overhaul

Business | Apprenticeship levy needs an overhaul

The CBI is calling for urgent reforms to the UK’s ‘outdated’ business rates system and apprenticeship levy to support the retail and wholesale industry

11 Nov 2022

Business | Unemployment rate falls to 3.5%

The UK unemployment rate has fallen to its lowest level in nearly 50 years, according to the Office for National Statistics

11 Nov 2022

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Tax | How salary sacrifice schemes for cars work

Using salary sacrifice schemes can benefit staff and reduce tax liability on company cars, explains James Fields-Davis, head of fleet development at Volkswagen Financial Services Fleet (VWFS Fleet)

10 Nov 2022

Business | SMEs increase reliance on accountants

As costs rise and consumer spending falls, eight in 10 SMEs said that their accountant had helped reduce the impact of inflation on their business

10 Nov 2022

Business | Carston snaps up Davies Williams accountants

Cardiff based Carston Chartered Accountants has acquired Davies Williams, a practice specialising in small to medium-sized businesses in the legal and medical sectors

10 Nov 2022