UK Research and Innovation, a government funded body, faces a tax bill of £36m after wrongly categorising contractors under the off payroll working rules
In this week’s accountancy career moves, partner promotions and hires at BDO, Deloitte, EY, Evelyn Partners, RSM, Armstrong Watson, Milsted Langdon, HWB, UHY Hacker Young
Parents and unpaid carers are due to receive new employment rights which will grant them extra protection from redundancy while on parental or carer leave
Revolution Beauty has published annual results after auditor BDO signed off the accounts after questions over accounting treatment of revenue and inventory stocks
As the UK faces the highest tax burden for decades, the introduction of a wealth tax would damage entrepreneurship and force top earners to question their residency, warns Des Hanna, international tax director at Andersen LLP
HMRC has confirmed that from tax year 2023 to 2024 onwards, the self assessment threshold for taxpayers taxed through PAYE only, will change from £100,000 to £150,000
In 2022, there were 20 acquisitions of UK professional services firms by private equity funds with nine deals across the accounting and consulting sectors
KPMG UK has joined up with MindBridge to use advanced artificial intelligence (AI) for digital audit, while Forensic Risk Alliance ramps up crypto transaction verification service
The International Accounting Standards Board (IASB) has issued disclosure requirements to enhance the transparency of supplier finance arrangements under IAS 7 and IFRS 7
From principal private residence relief to inheritance tax and capital gains tax, home owners need to keep up to speed with tax liability, explains Chris Thorpe LLB ATT CTA (Fellow) TEP
FTSE 100 power company SSE has won a case at the Supreme Court over a long-running dispute over whether a claim for capital allowances was tax deductible
The rate of inflation dropped to 8.7% in April from 10.1% the previous month, the largest fall in inflation since the Bank of England began raising interest rates in 2021
AIM listed oil and gas exploration group Enwell Energy plc is still looking for a UK auditor following the resignation of PwC in December due to Russian sanctions
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