Business &amp; Accountancy Daily

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Leadership & Management

| Cardiff Property drops auditor over fee dispute

FTSE listed The Cardiff Property plc has swapped auditors, severing ties with PKF Littlejohn after it failed to agree on fees

4 May 2023

Corporate Governance

Business | Deloitte ranked most valuable commercial brand

Big Four firm Deloitte has been named the most valuable commercial services brand in the world, beating EY to the top spot

4 May 2023

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Business | CMA reviews artificial intelligence models

The Competition and Markets Authority (CMA) has launched a review of competition and consumer protection related to generative artificial intelligence (AI) systems like ChatGPT, Bard and Bing Chat

4 May 2023

3 May 2023

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Tax | Inheritance tax planning tips from houses to pensions

Clear communication during lifetime can forestall a lot of misunderstanding when it comes to inheritance issues, but tax planning is critical, explains Ian Dyall, head of estate planning at Evelyn Partners

3 May 2023

| SNP hires AMS auditors ahead of July audit deadline

The head of the Scottish National Party has appointed an auditor to replace Johnston Carmichael after a seven-month hiatus

3 May 2023

Corporate Governance

Image for government invests ps30m anti fraud plan

Business | Government invests £30m in anti-fraud plan

The government plans to clamp down on fraud with a national fraud squad, ban on SIM farms and a £30m centre to make it easier for victims to report attacks online

3 May 2023

Tax | Belize companies named as tax avoidance promoters

HMRC has named two Belize registered companies as promoters of a tax avoidance scheme in the UK used by thousands of individuals

3 May 2023

Business | Are you heading to Accountex next week?

You can catch our expert speakers in some theatre talks at Accountex from 10-11 May

3 May 2023

Tax | Prosecutions of tax dodgers falls by a third

HMRC is prosecuting a third fewer tax evaders than pre-pandemic as compliance staff lack the experience to handle complex investigations

3 May 2023

HMRC

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Business | TaxAssist Group launches training academy

TaxAssist franchisees are being offered a training programme for accountants and tax advisers to drive business growth

3 May 2023

Leadership & Management

Image for cima plans research low productivity levels

Business | CIMA plans research on low productivity levels

The Chartered Institute of Management Accountants (CIMA) and research organisation The Productivity Institute have signed an agreement to help tackle low productivity

3 May 2023

Tax | VAT break for pharmacists from 1 May

The VAT treatment of medical services carried out by staff directly supervised by pharmacists will be exempt from VAT

3 May 2023

VAT

2 May 2023

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Tax | Q&A: capital allowances on helicopter

In this week’s Q&A, Croner-i’s Stuart Farmer, considers the tax reliefs available when buying a helicopter as a trading asset

2 May 2023

Business Tax

Tax Compliance

Image for agricultural show wins ps292k vat appeal

Tax | Agricultural show wins £292k VAT appeal

An agricultural society has won a First Tier Tribunal (FTT) appeal after a dispute with HMRC over a VAT rebate of £292,725 on admission fees, sponsorship income and advertising

2 May 2023

Tax | Tax barrister did not give misleading film scheme tax advice

A group of investors has lost an appeal over whether a tax barrister offered them misleading tax advice about two film finance schemes

2 May 2023

Personal Tax

Case Reports

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Finance | Document workflow and cash flow management

No matter the industry or size of the company, managing accounting documents should be a top priority for every accounting department, says Benedikt Dischinger, VP, finance, DocuWare

2 May 2023

Finance

Financial Reporting

Image for hmrc be given powers curb crypto tax abuse

Tax | HMRC to be given powers to curb crypto tax abuse

The government has launched a consultation to consider giving HMRC more powers to recover unpaid tax on crypto transactions directly from digital wallets

2 May 2023

Tax | NI director banned for £260k VAT errors

A director of a company involved in vehicle and plant sales has been banned for six years for submitting inaccurate VAT returns totalling £260,000

2 May 2023

Business | Accountancy firms fined £550k for AML breaches

Oversight of accountancy firms is not sufficient to prevent abuse of the anti money laundering (AML) rules while fines are too low to act as a serious deterrent

2 May 2023

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Tax | Filing deadlines: May - July 2023

Our handy guide to tax filing deadlines from VAT payments due for month or quarter ended 31 March 2023 and employers to give employees P60s for 2022–23

2 May 2023

HMRC

Tax Compliance

Finance | Legal updates: May 2023

In this month’s legal round-up, Sophie Brookes and Debbie Shaw of Gateley, explain risks of de facto subsidiary director, failure to prevent fraud offence and conversion of shares under articles void

2 May 2023

Finance

Law and Regulation

Image for icas names clive bellingham president

Business | ICAS names Clive Bellingham as president

Clive Bellingham CA, a former partner at PwC, has been appointed as president of the Institute of Chartered Accountants of Scotland (ICAS)

2 May 2023

Leadership & Management

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Business | SMEs report rebound in confidence

Confidence among small businesses recovered strongly in the first quarter of 2023, but the cost of living squeeze continued to halt growth

2 May 2023