Business &amp; Accountancy Daily

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HR | Bristol expansion for Albert Goodman

South west-based chartered accountants Albert Goodman has signed the lease on 3,000 square foot of newly renovated grade A office space in the centre of Bristol

28 Mar 2023

Careers

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Business | Government to review whistleblowing rules

The Department for Business and Trade (DBT) plans to review the whistleblowing framework to ensure the regime is operating effectively and protects workers

28 Mar 2023

Image for hmrc launches 25 criminal tax fraud investigations

Tax | HMRC launches 25 criminal tax fraud investigations

HMRC’s offshore, corporate and wealthy unit opened 25 criminal tax fraud probes worth between £150m and £4bn last year

28 Mar 2023

Business | William Hill fined £19.2m for money laundering failures

The Gambling Commission has fined William Hill Group (WHG) £19.2m for its systemic failure to prevent money laundering abuse and lack of checks on excessive gambling

28 Mar 2023

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Tax | Pension tax changes: what you need to know

A surprise announcement in the Budget to abolish the lifetime allowance for pensions also gave some respite to users of pension drawdown and the annual allowance, explains Zigurds Kronbergs FCA FCCA, senior tax writer, Croner-i

27 Mar 2023

Tax | Paper tax returns will no longer be sent to taxpayers

HMRC is writing to 135,000 self assessment taxpayers who file on paper telling them to move online as support for paper filings will be limited

27 Mar 2023

Tax | HMRC late payment interest rate hits 6.75%

HMRC has revised interest rates with late payment bills charged 6.75% from 13 April, the highest level since January 2008

27 Mar 2023

Tax

HMRC

Tax Compliance

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Tax | Employment agent wins £31k tax appeal

An employment agency has won a First Tier Tribunal (FTT) appeal related to an overpayment relief claim amounting to £31,000 in income tax and national insurance contributions (NICs)

27 Mar 2023

Business | UK risk of recession still likely

The chance of a UK recession has not ‘dissipated entirely’ despite easing supply chain pressures, warns KPMG

27 Mar 2023

Image for manchester charge ps1 daily tourist tax

Tax | Manchester to charge £1 daily tourist tax

From April, Manchester will be the first city in the UK to charge a £1 tourist tax on overnight visitors to the city staying in hotels and short-stay accommodation

27 Mar 2023

Tax

Personal Tax

Image for frc plans 10 increase funding ps62m

Business | FRC to plans 10% increase in funding to £62m

The Financial Reporting Council (FRC) will increase its funding to £62m to help fund the new regulator, the Audit, Reporting and Governance Authority (ARGA), due to be established in 2024

27 Mar 2023

Image for scrap dealer owes ps647k penalty unpaid vat

Business | Scrap dealer owes £647k penalty for unpaid VAT

For the second quarter running, a scrap metal dealer has been given the largest penalty for VAT evasion of over half a million pounds

27 Mar 2023

Called to Account

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Business | External legal support: pros and cons

When a business faces legal challenges, Kirstie Penk, co-owner and director of The Legal Director, assesses whether in-house, external or interim legal support is best

24 Mar 2023

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Business | Prison time doubled for ‘most wanted’ tax criminal

One of the UK’s most wanted tax fugitives, who was caught and jailed for eight years in 2022, has had her sentence more than doubled for failing to repay the money she stole

24 Mar 2023

Called to Account

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Business | ICAEW chief executive Michael Izza to retire

Accountancy body ICAEW has announced the decision of Michael Izza to retire as its chief executive by the end of 2023

24 Mar 2023

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Business | HMRC fines tax evaders £34.4m in penalties

An employment agency, hologram manufacturer and road haulier have been fined over £20m for tax evasion, in a record quarter where £34.4m in penalties have been issued

24 Mar 2023

Called to Account

Image for iasb seeks improve reporting climate related risks

Finance | IASB seeks to improve reporting of climate-related risks

The International Accounting Standards Board (IASB) plans to examine how companies can improve the reporting of climate-related risks in financial statements

24 Mar 2023

Finance

Financial Reporting

IFRS

Image for people news azets lubbock fine price bailey pwc

Business | People in the news: Azets, Lubbock Fine, Price Bailey, PwC

In this week’s accountancy career moves, partner promotions and hires at Price Bailey, Azets, Lubbock Fine, Milsted Langdon, PwC, Alvarez & Marsal

24 Mar 2023

Image for 370000 smes risk downsizing warns fsb

Business | 370,000 SMEs at risk of downsizing warns FSB

Around 370,000 small businesses are at risk of having to scale down their operations when support for energy bills ends next month, warns the Federation of Small Businesses (FSB)

24 Mar 2023