Business &amp; Accountancy Daily

Careers

Leadership & Management

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Business | Ex-Carillion finance director banned for 11 years

Carillion’s former finance director, Zafar Khan, has been banned from acting as a director for 11 years for his role in misstating the company’s financial position by more than £200m just before its collapse

4 Jul 2023

Business | What you need to know: directors duties

Gavin Kramer, senior associate at Collyer Bristow, explains the key responsibilities of directors from exercising independent judgment to avoiding conflicts of interest as set out in Companies Act 2006

4 Jul 2023

Restructuring & Insolvency

Law & Guidance

Leadership & Management

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Tax | Q&A: corporation tax straddling periods

In this week’s Q&A, Roger Bradbury, tax advice consultant at Croner-i, explains how the rise in the corporation tax rate will affect a company reporting across two financial years

4 Jul 2023

Tax | GE Financial deemed US resident in £124m tax appeal

The Upper Tribunal (UT) has ruled that a UK resident company was also a US resident for the purposes of the UK/US double tax treaty which meant it could not claim credit of £124m in foreign tax

4 Jul 2023

Tax | Filing deadlines: July - December 2023

Our handy guide to tax filing deadlines for P11Ds, non-resident landlords scheme annual returns and termination payments and benefits where benefits package exceeded £30,000 in 2022-23

4 Jul 2023

Tax | Economic Crime Levy online payment system launched

HMRC has released an online form to pay for the Economic Crime Levy with the first annual payments due by end of September

4 Jul 2023

Tax | Alcohol duty changes could see extra £3bn by 2027

The new alcohol duty system changes could see an additional £3bn raised in alcohol duties, according to the Office for Budget Responsibility (OBR)

4 Jul 2023

Tax | Ince Group administration faces £15m tax bill

Restructuring specialist Quantuma has confirmed that HMRC is one of the largest creditors to failed law firm Ince Group, recently listed on AIM

4 Jul 2023

Restructuring & Insolvency

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Business | Tax campaigners issue stooge director warning

The Low Incomes Tax Reform Group (LITRG) has told people on lower incomes to ignore adverts to become a director of a company in exchange for a fee

4 Jul 2023

3 Jul 2023

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Business | ICAEW rapped over failure to monitor banned member

The Insolvency Service has reprimanded ICAEW for the institute’s failure to monitor a rogue ICAEW insolvency practitioner who stole nearly £4m in estate funds

3 Jul 2023

Restructuring & Insolvency

Called to Account

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Tax | HMRC late payment interest rate hits 7.5%

HMRC has revised interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001

3 Jul 2023

Tax

HMRC

Tax Compliance

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Tax | Wimbledon home renters warned about tax liability

As hundreds of homeowners rent out their rooms and houses during the Wimbledon tennis championships for up to £15,000 a week, it is important to pay the right tax to avoid penalties

3 Jul 2023

Tax

Personal Tax

Tax Compliance

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Finance | Russian sanctions amended for auditors

The government has clarified the Russian sanction rules confirming that audit firms can act for companies with a Russian shareholder

3 Jul 2023

Business | MPs launch inquiry into SME financing

The Treasury Committee has launched an inquiry into the challenges faced by small businesses when raising finance

3 Jul 2023