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Image for eu vat moves towards full digitalisation

Tax | EU VAT moves towards full digitalisation

High levels of VAT fraud across Europe have resulted in a rapid move towards digital reporting requirements across member states, which will affect UK exporters, explains Alex Smith, director, consulting services at Sovos EMEA

20 Apr 2023

Tax

VAT

Tax Compliance

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Business | Accountant who forged mother’s will jailed

A former accountant has been jailed for five and a half years after fraudulently forging his mother’s will to claim the benefit of her £40m estate

20 Apr 2023

Finance | WANdisco faces FCA probe over £93m in false sales

Listed tech company WANdisco faces an investigation by the Financial Conduct Authority (FCA) over millions of pounds in false sales

20 Apr 2023

Finance

Financial Reporting

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Business | Colin Beattie quits as SNP treasurer

The long-time treasurer of the Scottish National Party has resigned as treasurer following his arrest as part of a police investigation into the party’s finances

20 Apr 2023

Business

Law & Guidance

Called to Account

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Business | Majority of accountants want to change job

Accountants and staff in the financials services sector are increasingly thinking about changing jobs due to the stresses of work

20 Apr 2023

Business

Companies

Accountancy Firms

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Tax | CPD module: buy to let tax issues for landlords

In this month’s exclusive Accountancy Daily CPD learning module, we examine the tax issues facing buy to let landlords

20 Apr 2023

| RPG picks up £150k trio of listed audits

RPG Crouch Chapman LLP has picked up three audit contracts for listed companies following decision by Jeffreys Henry to resign

20 Apr 2023

Corporate Governance

Image for hmrc clarifies tax termination payments

Tax | HMRC clarifies tax on termination payments

A number of changes to the way termination payments are taxed means that employers need to take extra care when making staff redundant

20 Apr 2023

| EY faces FRC investigation over Made.com audit

The Financial Reporting Council (FRC) is investigating the audit work carried out by EY for collapsed furniture retailer Made.com and a separate unnamed company

20 Apr 2023

Corporate Governance

Image for estate agent sentenced ps100k invoice fraud

Business | Estate agent sentenced in £100k invoice fraud

An estate agent maintenance manager has been given a suspended sentence after defrauding her employers out of £100,000 by falsifying invoices

20 Apr 2023

Business

Called to Account

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Finance | Accounting for cloud computing – common but complex

Accounting for software held in the cloud is complex and can be treated as a lease, intangible asset or service contract, but what is the best approach under IFRS, ask Glynnis Carthy CA (SA) and Rachel Farris FCA CTA

19 Apr 2023

Finance

Financial Reporting

IFRS

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Tax | Directors’ loans benefit from 2.25% interest rate

Despite the rise in interest rates, directors’ loans are still enjoying a low 2.25% rate, explain Chris Etherington, tax partner, and Alex Foster, partner, RSM

19 Apr 2023

Tax

Business Tax

Personal Tax

Image for doctor loses ps30k contractor loan case

Tax | Doctor loses £30k contractor loan case

A doctor has lost a First Tier Tribunal (FTT) appeal related to two contractor loan schemes involving offshore trusts which were liable to income tax as earnings

19 Apr 2023

Tax | Definition of van for expenses purposes clarified

HMRC has reminded employers to check the classification of company cars and vans for benefit in kind purposes after the Coca-Cola Court of Appeal ruling

19 Apr 2023

Tax

Employment Tax

Tax Compliance

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HR | Tax expert joins speaker line up at Best in Business

This year’s Best in Business conference will have tax expert Tim Palmer speaking about the latest tax changes

19 Apr 2023

Business

Training & CPD

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Tax | Payroll issues flagged post-Budget

In a Budget light on new employment tax measures, there are a few issues for payroll managers to get to grips with, advises Lora Murphy ACIPP, Chartered Institute of Payroll Professionals

19 Apr 2023

Tax

Employment Tax

Image for complete abab taxpayer survey hmrc performance

Tax | Complete ABAB taxpayer survey on HMRC performance

The annual Administrative Burdens Advisory Board ‘Tell ABAB’ survey is now open for small businesses to feedback on HMRC and the tax system

19 Apr 2023

Tax

HMRC

Business | Inflation drops slightly to 10.1%

The rate of inflation fell to 10.1% in March from 10.4% the previous month as fuel prices dropped but food prices remained at a record high

19 Apr 2023

Business

Companies

Accountancy Firms

Image for accounting leases changes uk gaap

Finance | Accounting for leases: changes to UK GAAP

An overhaul of UK accounting rules will see operating leases brought onto the balance sheet for the first time. Jeremy Cooper, head of retail at Crowe UK, assesses the implications

18 Apr 2023

Finance

Financial Reporting

UK GAAP