The National Audit Office (NAO) is calling on government to improve its oversight after millions of pounds was fraudulently claimed through Covid grant schemes
The prime minister, Rishi Sunak has released a breakdown of his taxes showing that he paid a total of £432,493 in UK tax in 2021/22, with declared earnings reaching £1.9m
The government has published a draft of Finance Bill 2023 with details of tax changes due to come into effect from April including a 6% hike in corporation tax, end of lifetime allowance and full expensing rules
Following taxpayer and agent feedback, HMRC has made the paper version of the capital gains tax on UK property return available to download on a limited basis
The lack of regulation of accountants and tax advisers leaves taxpayers at risk from rogue operators, but there are options to tighten up oversight, argues John Cullinane, director of public policy, Chartered Institute of Taxation
The director of a management consultancy will have to settle a PAYE tax bill for £300,000 after the Upper Tribunal ruled that an HMRC demand was not time-barred
Plans to increase the pension age to 68 in 2034, more than 10 years earlier than envisaged, have been dropped as government assesses impact of drop in life expectancy
The government has tightened up the sanctions rules by clamping down on providers of trust management services, including accountancy firms, working with Russian clients
HMRC has been cleared of withholding emails relating to the loan charge as disclosure would have stifled internal debate and have a ‘chilling effect’ on staff
A finance manager who was jailed for 16 months for defrauding her employer has been ordered to pay back £63,000 and faces additional prison time if she fails to pay
FTSE listed Pressure Technologies has flagged a delay to the year end financial statements due to a failure to comply with revenue recognition reporting rules under IFRS 15
The Financial Conduct Authority (FCA) has criticised the quality of environmental, social and governance (ESG) reporting disclosures, flagging a risk of greenwashing
A freeport in east London has received final government approval, with £25m in seed funding released to drive development, becoming the sixth freeport to go live
The International Accounting Standards Board (IASB) plans narrow scope amendments to clarify the classification and measurement requirements for IFRS 7 and IFRS 9 Financial Instruments following feedback from stakeholders