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Tax | When zero tax is payable on property income

Philip Spencer FCA, senior tax writer, Croner-i explains the scenarios where tax is not chargeable on residential and commercial property from primary residences to pension funds

14 Jun 2023

Business | UK economy returns to growth in April

The UK economy bounced back in April with growth of 0.2%, as a result of stronger consumer spending

14 Jun 2023

Business

Companies

Accountancy Firms

Image for mps want answers reason hmrc helpline closure

Tax | MPs want answers on reason for HMRC helpline closure

The Treasury Committee has asked HMRC to explain the rationale for closing the self assessment helpline for three months

14 Jun 2023

Business | Northern Irish accountant jailed in £5m tax fraud

The ringleaders of a Northern Irish gang including an accountant, who stole millions in a tax fraud, have been jailed for eight years

14 Jun 2023

Business

Called to Account

Image for hong kong director disqualified ps30k tax fraud

Business | Hong Kong director disqualified for £30k tax fraud

A former owner of a Chinese restaurant in Birmingham has been sentenced after pleading guilty to tax fraud

14 Jun 2023

Finance | Fair value disclosures need to be more transparent

The challenging economic environment and climate change risks may increase the degree of estimation uncertainty and management judgment about fair value under IFRS 13

14 Jun 2023

Tax | OECD releases tax reporting framework for crypto

The Organisation for Economic Cooperation and Development (OECD) has launched a new tax framework designed to tackle tax evasion by holders of crypto assets

14 Jun 2023

Business | Sign up for our webinar on accountancy firm trends

Don’t miss our webinar on the latest issues facing accountancy firms, the challenges and risks, staffing and the growth of private equity investment

14 Jun 2023

Leadership & Management

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Tax | Q&A: pension tax and money purchase annual allowance

In this week’s Q&A, Croner-i tax adviser Alex McCarthy, explains the key pension tax issues related to the money purchase annual allowance

13 Jun 2023

Tax | Taxpayer loses £1.4m tax case over late payment

The Court of Appeal has ruled that a taxpayer did not have a reasonable excuse for not paying a £14m tax bill on time and upheld a £1.4m HMRC penalty

13 Jun 2023

Business | Financial advisers jailed for £2m investment fraud

Two financial advisers have been sentenced following a six-year investigation related to fraudulent transactions totalling over £2m

13 Jun 2023

Tax | HMRC gives offshore tax evaders disclosure break

UK residents who were named in the leaked Pandora Papers which revealed extensive tax evasion are being given the chance to correct their tax affairs

13 Jun 2023

Business | ICAEW boss to receive retirement golden handshake

The soon to retire chief executive of ICAEW, Michael Izza, is understood to be in line for a six-figure bonus when he stands down later this year

13 Jun 2023

Business

Accountancy Firms

Leadership & Management

Image for wigan athletic faces winding over unpaid tax

Tax | Wigan Athletic faces winding-up over unpaid tax

HMRC has given Wigan Athletic football club a winding-up petition over a series of unpaid tax bills

13 Jun 2023

Business | Tuffnells Parcel business collapses

Haulage business Tuffnells Parcels Express has gone into administration putting over 2,000 staff out of work

13 Jun 2023

Business

Restructuring & Insolvency

Image for hmrc takes dangerous stance against taxpayer bankruptcy filings

Tax | HMRC takes dangerous stance against taxpayer in bankruptcy filings

The pursuit of rugby star Lawrence Dallaglio by HMRC over unpaid taxes has thrown back into the spotlight the controversial methods deployed by the state when seeking to recover monies owed, warns Steve Thomas, partner at Excello Law

12 Jun 2023

Tax

Personal Tax

HMRC

Tax | Making Tax Digital costs spiral to £1.3bn for HMRC

The rollout of Making Tax Digital is expected to cost HMRC five times the original forecast in 2016 following repeated delays

12 Jun 2023

Tax

Making Tax Digital

Image for accountant loses ps19k cjrs appeal

Tax | Accountant loses £19k CJRS appeal

An accountant has lost an appeal at the First Tier Tribunal (FTT) related to overpayment of Coronavirus Job Retention Scheme (CJRS) payments

12 Jun 2023

Business | Finance boss jailed for £20m Ponzi fraud

A director of a finance company has been jailed for seven years after misleading investors out of £20m, which he used to buy racehorses and fund other businesses

12 Jun 2023

Business

Companies

Accountancy Firms

Image for accountants ct set consulting division

Business | Accountants CT set up consulting division

Accouncy firm CT has launched a consulting division which aims to bring a ‘Big Four’ approach to support SME clients

12 Jun 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for hmrc extends national insurance top deadline 2025

Tax | HMRC extends National Insurance top-up deadline to 2025

Taxpayers will now have an extra two years to make additional payments to their National Insurance (NI) contributions to increase state pension entitlements

12 Jun 2023

Tax | HMRC wealthy north team collects the most extra tax

HMRC’s specialist ‘wealthy north’ unit raked in more extra tax from investigating wealthy people in the North than its specialist wealth teams anywhere else in the UK, according to Pinsent Masons

12 Jun 2023

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Latest news

Tax | When zero tax is payable on property income

Business | UK economy returns to growth in April

Tax | MPs want answers on reason for HMRC helpline closure

Business | Northern Irish accountant jailed in £5m tax fraud

Business | Hong Kong director disqualified for £30k tax fraud

Finance | Fair value disclosures need to be more transparent

Tax | OECD releases tax reporting framework for crypto

Business | Sign up for our webinar on accountancy firm trends

Tax | Q&A: pension tax and money purchase annual allowance

Tax | Taxpayer loses £1.4m tax case over late payment

Business | Financial advisers jailed for £2m investment fraud

Tax | HMRC gives offshore tax evaders disclosure break

Business | ICAEW boss to receive retirement golden handshake

Tax | Wigan Athletic faces winding-up over unpaid tax

Business | Tuffnells Parcel business collapses

Tax | HMRC takes dangerous stance against taxpayer in bankruptcy filings

Tax | Making Tax Digital costs spiral to £1.3bn for HMRC

Tax | Accountant loses £19k CJRS appeal

Business | Finance boss jailed for £20m Ponzi fraud

Business | Accountants CT set up consulting division

Tax | HMRC extends National Insurance top-up deadline to 2025

Tax | HMRC wealthy north team collects the most extra tax