Business &amp; Accountancy Daily

HMRC

Politics

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Business | Beever and Struthers works with Aston to improve audit

Aston University has signed an agreement with accountants Beever and Struthers to support digital transformation and improve audit using data analytics

18 May 2023

Leadership & Management

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Tax | Claim tax reliefs on work-related expenses

Anyone planning to claim tax relief on work-related expenses should submit claims directly with the tax authority and avoid using repayment agents, HMRC warns

18 May 2023

Tax Compliance

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Tax | Southend United given extra time to pay £275k tax debt

Southend United football club has been granted an adjournment until 12 July to settle a winding-up petition by HMRC to clear a £275k tax debt

18 May 2023

Tax | Tips on tax filing for US taxpayers living abroad

Glenn Snow, tax director, USTAXFS, gives tips and advice on the key issues to consider when completing US tax returns for US taxpayers living abroad ahead of 15 June tax deadline

17 May 2023

Business | Fake accountant jailed for £45k tax fraud

A fast food worker who claimed to be an accountant has been jailed for two years after stealing more than £45,000 in tax fraud

17 May 2023

Tax | HMRC late payment interest rate reaches 7%

HMRC has revised interest rates with late payment bills charged 7% from 31 May, double the level just a year ago

17 May 2023

HMRC

Tax Compliance

Tax | HMRC closes VAT registration helpline

HMRC is planning to close the VAT registration helpline, which is dedicated specifically to helping taxpayers who have questions about their VAT registration application

17 May 2023

Business | Crypto should be treated as gambling, say MPs

MPs on the Treasury Committee have called on the government to regulate cryptocurrencies as gambling but there has been pushback from critics

17 May 2023

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Tax | VAT-free shopping could give £4.1bn boost

Top UK retailers have called on the government to reinstate tax-free shopping for overseas tourists, which could add £4.1bn to GDP by 2025

17 May 2023

Tax | Nearly 80k complete self assessment forms early

More than 77,500 taxpayers filed their tax return for the 2022-23 tax year on 6 April 2023, more than double the figure five years ago

17 May 2023

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Tax | Over 50s unsure about inheritance tax rules

The majority of taxpayers over the age of 50 with an inheritance tax (IHT) bill are unaware that the money they wish to leave behind could be liable for the tax

17 May 2023

Tax | Q&A: loan charge predicament

In this week’s Q&A, Ewan Edwards, VIP tax advisor at Croner-i, considers whether an appeal or postponement application is the best approach to dispute HMRC calculations

16 May 2023

Tax Compliance

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Business | Company failures fall 31% in April

The number of company insolvencies decreased by 31.8% in April 2023 to a total of 1,685 compared to March’s total of 2,471

16 May 2023

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Finance | Local government accounts ‘impenetrable’

MPs called on local audit specialists and the regulator to take swift action to address the backlog in overdue local government audits and improve transparency of accounts

16 May 2023

Auditing

Corporate Governance

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Tax | One in five taxpayers will pay 40% tax

The five-year freeze on thresholds will drag 2.5 million more taxpayers into higher rate income tax by 2027

16 May 2023

Tax Planning

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Business | Avoiding holiday pay headaches this summer

Suzanne Gallagher, head of UK payroll at Employment Hero, looks at the payroll complexities related to holiday pay with tips and advice for employers

16 May 2023

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Business | Former football boss jailed for £4m Ponzi fraud

The former chairman of Spalding United Football Club and an unauthorised trader have been jailed for four years after they defrauded hundreds of investors out of £4m

16 May 2023

Business | HR webinar: redundancy, absence management, conduct

Join our HR webinar to keep up to date with the latest issues on redundancy, absence management and conduct for accounting and finance professionals

16 May 2023

Leadership & Management

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Finance | ISSB consults on two-year sustainability research plan

The International Sustainability Standards Board (ISSB) is consulting on its priorities for the next two years, including sustainability-related research projects

16 May 2023

Finance

Audit Consultations

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Business | ICAEW to hire chairperson to improve governance

ICAEW council has approved a series of recommendations to modernise and strengthen the Institute’s governance including the appointment of an independent chair

16 May 2023

Leadership & Management

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Business | Finance officer sentenced for £37k invoice fraud

A finance officer at a veterinary practice, who made over £37,000 in fraudulent pet insurance claims by editing invoices obtained from her employer, has avoided a custodial sentence

16 May 2023