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Image for ir35 tribunal loss highlights myopic view payroll rules

Tax | IR35 tribunal loss highlights myopic view of off-payroll rules

Dave Chaplin, CEO of IR35 Shield, argues that HMRC's historical approach to status case law on IR35 is myopic and too narrow after Barnes case

27 Feb 2023

Tax | Homeowner loses £10k tax avoidance case

A homeowner has lost a First Tier Tribunal (FTT) appeal regarding a stamp duty land tax (SDLT) avoidance scheme used for the purchase of a residential property worth £325,000

27 Feb 2023

Business | University officer convicted after stealing £2.4m

A head of payments at the University of Brighton has been convicted after stealing more £2.4m in cash over three decades

27 Feb 2023

Business

Called to Account

Business | CBI calls for tax breaks to support business

Business confidence fell across the service sector for the three months to February, as cost pressures hit consumer spending, according to the CBI

27 Feb 2023

Business

Companies

Accountancy Firms

Image for un plans tax rules compete oecd

Tax | UN plans tax rules to compete with OECD

The United Nations has launched a consultation on its future role in supporting international efforts to tackle tax avoidance and evasion

27 Feb 2023

Tax

International Tax

Image for month end close puts pressure accountants

Finance | Month-end close puts pressure on accountants

The majority of accounting and finance professionals are concerned about the accuracy of their company’s monthly financial statements and stress of month end close

27 Feb 2023

Finance

Financial Reporting

Image for australian startup recharge industries rescues britishvolt

Business | Australian startup Recharge Industries rescues Britishvolt

An Australian startup has signed a deal to take over UK battery maker Britishvolt following its collapse in January 2023

27 Feb 2023

Business

Companies

Accountancy Firms

Image for auditors need improve credit risk assessments ifrs 9

Finance | Auditors need to improve credit risk assessments in IFRS 9

The Financial Reporting Council (FRC) has published a review of the Big Four audit firms’ methodology around IFRS 9 Financial Instruments, focusing on banking audits

27 Feb 2023

Finance

IFRS

Image for tax breaks married and civil partnership couples

Tax | Tax breaks for married and civil partnership couples

Louise Higham, financial planning director at Evelyn Partners, sets out the various tax breaks from transferring the personal savings allowance to inheritance tax benefits

24 Feb 2023

Tax

Personal Tax

Tax Planning

Business | How to stamp out exam cheating

A spate of cheating at accountancy ethics exams has put the spotlight on the lack of internal controls. John Kleeman, founder of Questionmark considers methods of prevention

24 Feb 2023

Business | School manager found guilty of £490k fraud

A school business manager has been found guilty of four counts of fraud after stealing over £490,000 over seven years

24 Feb 2023

Business | Horse trader jailed for £100k tax fraud

A man who ran a company trading in horses has been jailed for 28 months for a £100,000 tax fraud

24 Feb 2023

Business

Called to Account

Image for african gold cfo siphoned 12m accounts

Business | African Gold CFO siphoned off $1.2m from accounts

The chief financial officer of African Gold Acquisition Corp misappropriated $1.2m (£1m) from the company’s bank accounts due to a lack of internal controls

24 Feb 2023

Business

Called to Account

| RPG takes over First Class Metals audit

FTSE listed First Class Metals plc has swapped auditors with the appointment of Royce Peeling Green (RPG) as the company's auditor

24 Feb 2023

Corporate Governance

Image for payroll company misused annuity scheme avoid tax

Tax | Payroll company misused annuity scheme to avoid tax

Taxpayers have been warned not to sign up to an annuity scheme designed to avoid tax, promoted by payroll company Canopaye

24 Feb 2023

HR | People in the news: MHA, Larking Gowen, RBK, Prime

In this week’s accountancy career moves, partner promotions and hires at Mazars, MHA, RBK, Prime Accountants, TaxAssist, Larking Gowen

24 Feb 2023

Business

Careers

Leadership & Management

Image for smes need green super deduction tax break

Tax | SMEs need green super-deduction tax break

A group of trade associations have written to the Chancellor calling for a green super-deduction tax relief to replace the existing programme when it ends in March

24 Feb 2023

Tax

Budget

Image for dinosaur attraction loses ps400k vat case

Tax | Dinosaur attraction loses £400k VAT case

A wildlife park has lost a First Tier Tribunal (FTT) appeal against a VAT bill for £411,000 related to the construction of a dinosaur exhibit and lions’ den over zero-rating

23 Feb 2023

Tax | HMRC calls on accountants to trial agent group access

HMRC has extended the pilot to test out group access controls in the Agent Services Account (ASA) to larger accountancy firms

23 Feb 2023

Finance | Football regulator will scrutinise finances

A standalone independent football regulator will be set up to help prevent a repeat of financial failings at clubs like Derby County and Bury, with tough financial rules and ownership integrity tests

23 Feb 2023

Tax | News Corp loses £35m VAT case over digital newspapers

News Corp, the owner of the Sunday Times and the Sun, has lost a VAT case at the Supreme Court over a £35m dispute related to VAT on digital versions of the newspapers

23 Feb 2023

Tax | HMRC advisory fuel rates for company car users from 1 March 2023

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2023, with a further rise in the electric car rate

23 Feb 2023

Finance | China tells state companies to drop Big Four auditors

State-owned companies in China have been told not to renew contracts with Big Four audit firms when they end citing concerns about data security

23 Feb 2023

Finance | Important dates in the 2023 ESG calendar

ESG is important across the supply chain with mandatory reporting for SMEs in the pipeline by 2025, explains Marc Lepere, CEO of ESGGen

23 Feb 2023

Finance

Financial Reporting

Image for pay tax 3 march avoid interest penalty

Tax | Pay tax before 3 March to avoid interest penalty

Taxpayers have just over a week to pay 2021/22 self assessment tax bills or face penalties equal to 5% of the outstanding tax

23 Feb 2023

Finance | Regulator targets pension trustees over ESG gaps

The Pensions Regulator (TPR) has launched a campaign to make sure trustees are meeting their environmental social governance (ESG) and climate change reporting duties

23 Feb 2023

Business

Pensions

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Latest news

Tax | IR35 tribunal loss highlights myopic view of off-payroll rules

Tax | Homeowner loses £10k tax avoidance case

Business | University officer convicted after stealing £2.4m

Business | CBI calls for tax breaks to support business

Tax | UN plans tax rules to compete with OECD

Finance | Month-end close puts pressure on accountants

Business | Australian startup Recharge Industries rescues Britishvolt

Finance | Auditors need to improve credit risk assessments in IFRS 9

Tax | Tax breaks for married and civil partnership couples

Business | How to stamp out exam cheating

Business | School manager found guilty of £490k fraud

Business | Horse trader jailed for £100k tax fraud

Business | African Gold CFO siphoned off $1.2m from accounts

| RPG takes over First Class Metals audit

Tax | Payroll company misused annuity scheme to avoid tax

HR | People in the news: MHA, Larking Gowen, RBK, Prime

Tax | SMEs need green super-deduction tax break

Tax | Dinosaur attraction loses £400k VAT case

Tax | HMRC calls on accountants to trial agent group access

Finance | Football regulator will scrutinise finances

Tax | News Corp loses £35m VAT case over digital newspapers

Tax | HMRC advisory fuel rates for company car users from 1 March 2023

Finance | China tells state companies to drop Big Four auditors

Finance | Important dates in the 2023 ESG calendar

Tax | Pay tax before 3 March to avoid interest penalty

Finance | Regulator targets pension trustees over ESG gaps