Business &amp; Accountancy Daily

Image for property ruse avoid ps17k tax bill stamped out

Tax | Property ruse to avoid £17k tax bill stamped out

Tax officials are clamping down on a popular tax abuse scheme used to avoid stamp duty land tax (SDLT) through the sub-sale of a residential property and use of questionable annuity

12 Apr 2023

Property Tax

Case Reports

Image for half uk income tax paid south east

Tax | Half of UK income tax paid in south east

Nearly half of the income tax collected in the UK last year was paid by taxpayers in London and the south east, according to HMRC figures analysed by the Liberal Democrats

12 Apr 2023

Business | Counterfeit clothing boss convicted of £97m VAT fraud

The mastermind of a fake designer clothing scam has been convicted of one of the UK’s largest ever carousel tax frauds

12 Apr 2023

Called to Account

Business | Businesses to be accountable for employee fraud

The government has confirmed plans to introduce legislation to make it easier to prosecute large organisations if an employee commits fraud for the benefit of the business

12 Apr 2023

Image for 683k higher rate taxpayers opt out child benefit

Tax | 683k higher rate taxpayers opt out of child benefit

The number of families being forced into paying the higher income child benefit charge is up 5% as more taxpayers are caught by frozen thresholds

12 Apr 2023

Personal Tax

Tax Planning

Image for job candidates rise despite economic uncertainty

Business | Job candidates rise despite economic uncertainty

The availability of candidates for jobs has increased for the first time in over two years following greater confidence in jobs market, shows latest KPMG and REC jobs report

12 Apr 2023

Image for frc plans update audit enforcement procedure 0

Finance | FRC plans to update audit enforcement procedure

The Financial Reporting Council (FRC) is consulting on changes to the audit enforcement procedure (AEP) to give the board more time to consider cases

12 Apr 2023

Finance

Auditing

Audit Consultations

Image for hmrc wins ps125m luton hotel tax dispute

Tax | HMRC wins £12.5m Luton hotel tax dispute

The Court of Appeal has ruled in favour of HMRC over a claim for capital allowances totalling £12.5m for the conversion of a flight training centre into a hotel

11 Apr 2023

Tax | One in three calls to HMRC not answered

More than a third of calls to HMRC were left unanswered in February as levels of service declined and wait times worsened

11 Apr 2023

HMRC

Image for qa incorporation relief tax break

Tax | Q&A: incorporation relief tax break

In this week’s Q&A, Croner-i tax consultant David Woolley explains tax efficient use of incorporation relief when converting to incorporated status and risk of capital gains tax

11 Apr 2023

Business Tax

Tax Planning

Image for cbi boss sacked following misconduct claims

Business | CBI boss sacked following misconduct claims

The director general of the CBI has been dismissed with ‘immediate effect’ following an investigation into complaints of workplace misconduct

11 Apr 2023

Tax | Labour criticises Rishi Sunak’s tax affairs

The Labour Party has taken aim at Rishi Sunak and his tax affairs with an advert targeting his wife’s previous non-dom tax status

11 Apr 2023

Business | FTSE bosses given 12% average pay rise

The average FTSE 100 CEO package increased by 12% last year from £3.72m in 2021 to £4.15m in 2022

11 Apr 2023

Image for moore kingston smith snaps pilot financial

Business | Moore Kingston Smith snaps up Pilot Financial

Moore Kingston Smith LLP has acquired Pilot Financial, a workplace pensions, employee benefits and financial planning consultancy

11 Apr 2023

Image for johnston carmichael quits snp auditor

| Johnston Carmichael quits as SNP auditor

The auditors of the Scottish National Party (SNP), Johnston Carmichael, have resigned following a police probe into party finances

11 Apr 2023

Corporate Governance

Business | Are you offering ESG services?

Join our guest speaker Marc Lepere at Best in Business to find out how accountants can enhance environment, social and governance reporting

11 Apr 2023

Training & CPD

Image for optionis subsidary sjd rebrands caroola group

Business | Optionis subsidary SJD rebrands to Caroola Group

Accountancy firm Optionis Group has changed its name to Caroola Group, merged subsidiaries and strengthened the leadership team

11 Apr 2023

Image for personal tax changes 6 april 2023

Tax | Personal tax changes from 6 April 2023

Frozen tax thresholds will see more taxpayers dragged into higher rate 40% tax this year, dividend allowance and capital gains tax allowances slashed

6 Apr 2023

Tax | HMRC frees up Agent Dedicated Line for SA penalty enquiries

HMRC is making a temporary change to the Agent Dedicated Line for accountants and tax agents to help reserve capacity on the line specifically for one-to-one support at the start of the tax year

6 Apr 2023

Business | Armstrong Watson moves to prime Newcastle office

Armstrong Watson has relocated to new offices in Newcastle’s multimillion pound smart office One Strawberry Lane

6 Apr 2023

Image for people news crowe blick rothenberg haysmacintyre rsm

HR | People in the news: Crowe, Blick Rothenberg, haysmacintyre, RSM

In this week’s accountancy career moves, Blick Rothenberg, Crowe, haysmacintyre, UHY Hacker Young, RSM, Saffery Champness, SRLV, USTAXFS

6 Apr 2023

Image for mentoring agency shut down ps24m financial irregularities

Business | Mentoring agency shut down for £2.4m financial irregularities

A mentoring and coaching company never provided services to clients and failed to produce accounts despite earning £2.4m in sales

6 Apr 2023

Called to Account

Image for cooper parry expands wealth arm future perfect deal

Business | Cooper Parry expands wealth arm with Future Perfect deal

Cooper Parry has completed the third acquisition of the year with London-based financial planning business Future Perfect

6 Apr 2023

Image for icaew renames financial reporting faculty

Business | ICAEW renames Financial Reporting Faculty

ICAEW’s Financial Reporting Faculty is changing its name to the Corporate Reporting Faculty to reflect the growing importance of sustainability and non-financial reporting

6 Apr 2023

Tax | Tech companies can avoid digital services tax, warn MPs

MPs have called on HMRC to develop a contingency plan for the digital services tax to avoid future avoidance or evasion by big tech companies

6 Apr 2023