Business &amp; Accountancy Daily

Tax Compliance

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Business | Businesses plan to reduce staff hires

Recruitment activity across the UK continued to be dampened due to ongoing economic uncertainty and reduced confidence among businesses

7 Aug 2023

Companies

Accountancy Firms

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| Audit fees hit record £1.27bn for top 500

The value of audit fees paid by the UK’s 500 biggest businesses has risen 14% over the last year while a staff shortage and increased scrutiny raises costs

7 Aug 2023

Auditing

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Finance | Pensions regulator wins £2m case over unpaid contributions

The Upper Tribunal has upheld a decision by The Pensions Regulator to force an employer to pay almost £2m into a pension scheme after it failed to make pension payments

4 Aug 2023

Finance

Pensions

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Business | Property developer jailed for £300k invoice fraud

A house builder has been jailed for three years after defrauding a finance company out of £295,000 by altering invoices and bank statements

4 Aug 2023

Tax | Tax debt up 6% to £44.5bn

The total tax debt at the end of June 2023 was £44.5bn, up from £42bn in June 2022 while more people signed up to time to pay arrangements as individuals and businesses struggle to pay their bills

4 Aug 2023

Tax Compliance

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HR | People in the news: Cooper Parry, HW Fisher, Cowgills

In this week’s accountancy career moves, partner promotions and hires at Wright Vigar, Cowgills, UHY Hacker Young, Alvarez & Marsal, HW Fisher, DSG, Albert Goodman

4 Aug 2023

Careers

Leadership & Management

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Business | Half of accountants planning to leave jobs have quit

Nearly half of people working in accountancy who have considered changing roles in the past two years have changed jobs

4 Aug 2023

Tax | HMRC helplines struggle to manage call load

More than a third of calls to HMRC remain unanswered as taxpayers cannot get through to an adviser

4 Aug 2023

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HR | MPs launch inquiry into making accountancy a STEM subject

The All-Party Parliamentary Group (APPG) on Accounting for Growth has launched a call for evidence about whether to define accountancy training as a STEM subject

4 Aug 2023

Careers

Leadership & Management

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Tax | Sign up for our inheritance tax planning webinar

Inheritance tax planning is something all accountants in practice must be on top of so register for our webinar to brush up on your knowledge

4 Aug 2023

Personal Tax

Tax Planning

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Business | Companies House Edinburgh office to relocate

Companies House is set to close its current Edinburgh office and confirms it will no longer be open to the public

4 Aug 2023

Companies

Accountancy Firms

Image for capital gains tax raises record ps167bn

Tax | Capital gains tax raises record £16.7bn

A record £16.7bn in capital gains tax was raised in the last tax year with a sharp rise in the number of people selling residential property

3 Aug 2023

Personal Tax

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Business | Thurrock Council lost £650m to solar farm failure

An Essex council used £655m of taxpayer money to invest in a solar farm business, which was using the funds to buy luxury goods, including a private jet and a yacht

3 Aug 2023

Tax | HMRC to appeal Sky commentator £695k IR35 case

Following its defeat over a Sky rugby commentator’s employment status, HMRC is appealing the ruling at the Upper Tribunal

3 Aug 2023

Tax | Deloitte wins £100m post-Brexit digital contract

Deloitte has secured a contract worth up to £100m to help HMRC co-design a digital platform for exporters dealing with the new single trade window project

3 Aug 2023

Business Tax

Business | Interest rate rises to 5.25%

The Bank of England has hiked interest rates by 0.25% to 5.25% in a bid to tame inflation, which currently stands at 7.4%

3 Aug 2023

Companies

Accountancy Firms

| CPD module: ISA 600 Revised - new requirements

In this month’s exclusive Accountancy Daily CPD learning module, find out about the key changes to ISA (UK) 600 auditing standard including use of component auditors and group statements

3 Aug 2023

Auditing

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Finance | IAASB consults on global sustainability assurance standard

The International Auditing and Assurance Standards Board (IAASB) has issued a consultation on a brand new International Standard on Sustainability Assurance (ISSA) 5000

3 Aug 2023

Finance

Audit Consultations

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Finance | Charity regulator tightens up investment rules

The Charity Commission has updated its guidance on charity investments for trustees to offer greater transparency over financial dealings and reduce the risk of conflicts of interest

3 Aug 2023