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Business | KPMG UK in talks to merge with KPMG Switzerland

KPMG is in discussions with the Switzerland arm of the global network to merge the two businesses into a single entity

7 Dec 2023

Business

Accountancy Firms

Leadership & Management

Image for iaasb releases audit standard smaller businesses

| IAASB releases audit standard for smaller businesses

The International Auditing and Assurance Standards Board (IAASB) has released ISA for LCE, a first of its kind, global auditing standard designed specifically for smaller and less complex businesses

7 Dec 2023

Auditing

Image for hmrc will not handle paye queries during sa peak

Tax | HMRC will not handle PAYE queries during SA peak

HMRC has informed accountants and tax advisers that during the self assessment peak period, the agent dedicated line will not deal with any PAYE-related calls until February

7 Dec 2023

Tax | Purple Pay slapped with stop notice for tax avoidance

The intricacies of a tax avoidance scheme run by London-based umbrella company Purple Pay Limited have come to light after publication of a detailed stop notice

7 Dec 2023

Tax

HMRC

Called to Account

HR | Tax expert Diane Wright joins Croner-i tax team

This week, Tax Weekly chatted with Diane Wright CTA, the newest member of the Croner-i team of tax experts

7 Dec 2023

Business

Careers

Leadership & Management

Image for property developer not reckless tax affairs

Tax | Property developer not reckless with tax affairs

A wealthy property developer has won a case at the First Tier Tribunal resulting in HMRC’s claims for unpaid tax and penalties being rejected as they were out of time

6 Dec 2023

Tax

Case Reports

Image for selling unwanted christmas jumper watch out tax trap

Tax | Selling an unwanted Christmas jumper? Watch out for tax trap

Digital platforms like eBay, Vinted and Airbnb will have to report seller data to HMRC from January giving the tax authority access to unparalleled information, warns Miruna Constantin, tax manager at RSM

6 Dec 2023

Tax

Personal Tax

Tax Compliance

Image for gambling giant will pay ps615m deferred prosecution

Tax | Gambling giant will pay £615m in deferred prosecution

A UK gambling firm has agreed to pay £615m as part of a complex international investigation into bribery launched by HMRC

6 Dec 2023

Tax

HMRC

Law and Regulation

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Tax | How to handle tax returns for deceased individuals

HMRC has issued advice for agents on how to complete self assessment tax returns for deceased persons and estates during the administration period

6 Dec 2023

Tax

Personal Tax

Tax Compliance

Image for portugal sets end date non residency tax regime

Tax | Portugal sets end date for non-residency tax regime

The Portuguese government has confirmed the non-habitual residency (NHR) tax regime will end in December 2024 for those who have already started their application

6 Dec 2023

Tax

Personal Tax

Tax Planning

Image for frc inspectors focus going concern and cashflow

Finance | FRC inspectors focus on going concern and cashflow

The audit and accounting watchdog will ramp up the focus on cash flow statements, going concern issues and recognition of tax liabilities in its latest round of inspections

6 Dec 2023

Finance

Financial Reporting

Image for qa do i have pay tax office christmas party

Tax | Q&A: do I have to pay tax on office Christmas party?

In this week’s Q&A, we look at potential tax pitfalls when planning a staff Christmas party from the expenditure limit on costs per head, guest lists and frequency of celebrations

5 Dec 2023

Tax

Business Tax

Tax Compliance

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Business | Are accountants ready for AI and chatbots?

A surge in artificial intelligence adoption across the tax profession is putting pressure on firms to accelerate adoption plans or they may fall behind, explains Piritta van Rijn

5 Dec 2023

Business | Evelyn Partners acquires Harwood Hutton

Evelyn Partners has made the fifth acquisition of the year after a deal with Buckinghamshire based Harwood Hutton

5 Dec 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for inverness essex link umbrella companies flaunting tax rules

Tax | Inverness Essex link for umbrella companies flaunting tax rules

Griffith Anderson and Umbrella Contracts have been flagged by HMRC for hiring agency staff and not deducting tax or NICs correctly by using a commission based package

5 Dec 2023

Tax

HMRC

Tax Compliance

Image for young accountants call sick avoid heavy workload

HR | Young accountants call in sick to avoid heavy workload

More than half of young accountants say they take time off work to intentionally avoid busy dates in the work calendar

5 Dec 2023

Business

Careers

Image for accountancy outsourcers settle advertising dispute

Business | Accountancy outsourcers settle advertising dispute

Accountancy outsourcing firm AdvanceTrack has agreed a settlement agreement with GI Outsourcing following a High Court decision

5 Dec 2023

Business

Accountancy Firms

Image for frc amends frs 101 loan disclosure rules

Finance | FRC amends FRS 101 loan disclosure rules

The Financial Reporting Council plans minor amendments to FRS 101 Reduced Disclosure Framework to bring the accounting rules in line with IAS 1

5 Dec 2023

Finance

Audit Consultations

Image for bounce back fraudster snared ps50k crypto scam

Business | Bounce back fraudster snared by £50k crypto scam

A self-employed builder from Hounslow overstated income to claim a £50,000 bounce back loan then lost it in a scam crypto scheme

5 Dec 2023

Business

Called to Account

Navigate

Tax Services

Latest news

Business | KPMG UK in talks to merge with KPMG Switzerland

| IAASB releases audit standard for smaller businesses

Tax | HMRC will not handle PAYE queries during SA peak

Tax | Purple Pay slapped with stop notice for tax avoidance

HR | Tax expert Diane Wright joins Croner-i tax team

Tax | Property developer not reckless with tax affairs

Tax | Selling an unwanted Christmas jumper? Watch out for tax trap

Tax | Gambling giant will pay £615m in deferred prosecution

Tax | How to handle tax returns for deceased individuals

Tax | Portugal sets end date for non-residency tax regime

Finance | FRC inspectors focus on going concern and cashflow

Tax | Q&A: do I have to pay tax on office Christmas party?

Business | Are accountants ready for AI and chatbots?

Business | Evelyn Partners acquires Harwood Hutton

Tax | Inverness Essex link for umbrella companies flaunting tax rules

HR | Young accountants call in sick to avoid heavy workload

Business | Accountancy outsourcers settle advertising dispute

Finance | FRC amends FRS 101 loan disclosure rules

Business | Bounce back fraudster snared by £50k crypto scam