Business &amp; Accountancy Daily

HMRC

Business | KPMG to cut deal advisory jobs

A slowdown in mergers and acquisitions will see KPMG reduce around 6% of the UK deals advisory team with at least 100 jobs put at risk

18 Oct 2023

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Business | PwC to roll out AI support for tax teams

PwC has signed an alliance with OpenAI, the developer of ChatGPT, and artificial intelligence legal experts Harvey, to develop AI research tools for tax, legal and HR services

18 Oct 2023

Business | Caravan finance group Time GB in administration

TimeGB, the finance centre for former caravan group RoyaleLife, has gone into administration, with ReSolve describing business structure as 'complex'

18 Oct 2023

Restructuring & Insolvency

Business | Inflation unchanged at 6.7%

The latest inflation rate remained flat at 6.7% in September as the impact of higher fuel prices was balanced out by falls in food prices

18 Oct 2023

Companies

Image for uhy hacker young adds bpr heaton network

Business | UHY Hacker Young adds BPR Heaton to network

Leeds accountancy firm, BPR Heaton, has joined UHY Hacker Young as the national accountancy group expands its presence across Yorkshire

18 Oct 2023

Image for aberdeen admin assistant jailed over ps15m fraud

Business | Aberdeen admin assistant jailed over £1.5m fraud

A grandmother who stole £1.5m from a family scrap metal business in Aberdeen by faking invoices has been jailed

18 Oct 2023

Called to Account

Image for hmrc loses ps540k property tax dispute

Tax | HMRC loses £540k property tax dispute

A couple who bought a plot of land, demolished the existing property and built a new home, has won an appeal over a £541,821 disputed tax bill at the Upper Tribunal

17 Oct 2023

Property Tax

Case Reports

Image for hmrc clarifies availability overlap relief calculation

Tax | HMRC clarifies availability of overlap relief calculation

Overlap relief information for basis period accounting can only be provided if the business' profit and loss figures are recorded in HMRC systems

17 Oct 2023

Finance | Want to be a forensic accountant? What you need to know

Jana Lefranc, principal at HKA, explains the role of accountants and valuation practitioners in disputes handled by international arbitral tribunals, and the key attributes of a forensic accountant

17 Oct 2023

Finance

Financial Reporting

Tax | No money for tax cuts, warns IFS

There is no room for tax cuts in the Autumn Statement next month despite a huge increase in personal tax bills and a lack of long-term tax policy for businesses, warned Institute for Fiscal Studies

17 Oct 2023

Budget

Image for government u turn non financial reporting rules

Finance | Government u-turn on non-financial reporting rules

The government has abandoned plans to reform non-financial corporate reporting and will no longer introduce audit assurance reports, dividend information and resilience statements

17 Oct 2023

Finance

Financial Reporting

Audit Consultations

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Business | Xeinadin snaps up Alacrity Accountancy

Xeinadin Group has acquired Leicester-based practice Alacrity Accountancy in the latest private equity backed deal

17 Oct 2023

Image for collapsed building firm boss owed hmrc ps145k tax

Tax | Collapsed building firm boss owed HMRC £145k in tax

A director of a building firm has failed to pay a tax bill of £145,000 after the business went bust seven years after he received a director disqualification for failing to pay HMRC

16 Oct 2023

Business Tax

HMRC

Image for insolvency service drops charges against carillion directors

Finance | Insolvency Service drops charges against Carillion directors

A High Court case against the former CEO and chair over the Carillion collapse has been abandoned by the Insolvency Service

16 Oct 2023

Finance

Financial Reporting

Image for portugal ends tax breaks expats

Tax | Portugal ends tax breaks for expats

Non residents working in Portugal will no longer be able to benefit from 20% tax on earnings after the government’s decision to remove the preferential tax rate except for workers in scientific fields

16 Oct 2023

Personal Tax

Tax Planning

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Business | Hurst set to expand with Stockport HQ move

Accountancy firm Hurst has agreed a deal to move its head office to a new flagship development in Stockport

16 Oct 2023

Image for saffery sets corporate finance team manchester

Business | Saffery sets up corporate finance team in Manchester

Saffery has launched a north west corporate finance and transaction services team headed up by newly hired partner Hayley Brightmore-Cox

16 Oct 2023

Image for confiscation orders used recover ps179m

Tax | Confiscation orders used to recover £179m

HMRC, the Serious Fraud Office and police seized £179m last year from suspected criminals using wide-ranging confiscation orders

16 Oct 2023

HMRC

Image for third smes positive about business growth

Business | Third of SMEs positive about business growth

Nearly one in five larger SME owners are considering selling their businesses as they prioritise succession planning, while a third have grown in the last year

16 Oct 2023

Companies