Almost a quarter of all income tax and capital gains tax was paid by just 100,000 individuals who shelled out a total of £55.9bn, despite representing only 0.3% of taxpayers
HMRC has published three guides clarifying the tax status of contractors in a labour supply chain, employer responsibilities and non-compliance risks under intermediaries rules
In this month’s legal updates, Sophie Brookes and Debbie Shaw of Gateley examine director responsibilities under Economic Crime Act, repayment of unsecured debt before administration in Comet and decision on material adverse change warranty
The Serious Fraud Office has secured a confiscation order worth £466,000 from two Balli Steel plc executives who are currently in prison after being found guilty of a multimillion pound fraud
The IFRS Foundation and the International Organization for Standardization (ISO) have said they will cooperate on the implementation of the new sustainability standards
HMRC has lost a long-running tax dispute with Loose Women TV presenter Kaye Adams over her self-employed status with a ruling that she was not hired under IR35 rules
In this week’s accountancy career moves, partner promotions and hires at Evelyn Partners, Johnston Carmichael, Dains, Kilsby Williams, BDO, Westcotts, JS, Deloitte Legal
A significant budget shortfall has forced Nottingham Council to issue a section 114 notice, declaring effective ‘bankruptcy’, citing a ‘limited financial control environment’
‘Inadequately and carelessly’ assembled bundle contributed to HMRC’s loss of a case against a property owner over the sale of several £1m plus properties in London
One of the five fraudsters who ran a fake £65m ‘green’ investment scheme and evaded £6.5m in tax, has been sentenced to an additional jail term for failing to pay a confiscation order
HMRC has given crypto investors the opportunity to voluntarily disclose unpaid tax going back four years on their cryptocurrency and non-fungible token (NFT) transactions
The International Accounting Standards Board (IASB) is consulting on ways to improve IAS 32 to provide more transparency over debt and equity in annual accounts
Over 40% of UK businesses have no plan in place to reduce business-related carbon emissions despite the climate emergency and finance chiefs need to take more action