Business &amp; Accountancy Daily

Leadership & Management

Image for qa tax gains life insurance policy

Tax | Q&A: tax on gains from life insurance policy

In this week’s Q&A, Croner-i tax adviser David Lawson, explains the tax implications when a personal life insurance policy matures, particularly if beneficiary has spent time abroad

13 Feb 2024

Personal Tax

Tax Compliance

Image for pwc rolls out ai tax tool staff

Tax | PwC rolls out AI tax tool to staff

Big Four firm PwC has given all UK tax staff an AI assistant to handle enquiries on legislation, cases and tax compliance

13 Feb 2024

Tax Compliance

Technology

Business | Body Shop goes into administration

Three months after a private equity deal, The Body Shop has called in administrators from FRP Advisory

13 Feb 2024

Restructuring & Insolvency

Image for couple used tax avoidance scheme buy ps1m house

Tax | Couple used tax avoidance scheme to buy £1m house

The purchasers of a £1m property in Surrey who used an unlimited company to avoid stamp duty land tax (SDLT) have lost an appeal against HMRC

13 Feb 2024

Tax | £30 return on every £1 spent on HNWI tax investigations

HMRC is returning to pre-pandemic levels of tax recovery as a result of investigations into high net worth individuals and big business

13 Feb 2024

Business | Evelyn Partners’ rower smashes Atlantic crossing

The head of compliance at Evelyn Partners has rowed into the record books as four Jersey mums complete Atlantic crossing

13 Feb 2024

| Moore Kingston Smith resigns Dispensa audit

Moore Kingston Smith quit as auditor after Dispensa Group indicated it would end stock market listing to move to a private equity model

13 Feb 2024

Corporate Governance

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Business | Fujitsu has £1.4bn in HMRC IT contracts

HMRC is one of the main government users of Fujitsu IT services despite shift to Amazon, reports Will Drysdale

12 Feb 2024

Image for rishi sunak paid ps508k tax 22 rate

Tax | Rishi Sunak paid £508k tax at 22% rate

The Prime Minister earned £2.2m in the 2022-23 tax year but paid a tax rate of just 22% due to the level of capital gains

12 Feb 2024

Personal Tax

HMRC

Image for audit firm not liable negligence ps6m sale

Finance | Audit firm not liable for negligence in £6m sale

A specialist travel audit firm Tiffin Green has been cleared of charges of audit negligence after a High Court case brought by Ickenham Travel Group failed despite competence issues

12 Feb 2024

Auditing

Corporate Governance

Business | Accountancy in the days before computers

As partner John Osborne retires after nearly 50 years in the business, he reminisces about the huge changes to the accountancy profession since the 1970s

12 Feb 2024

Image for hmrc targets crypto traders over unpaid tax

Tax | HMRC targets crypto traders over unpaid tax

HMRC’s campaign against cryptocurrencies is accelerating as more tax investigations into crypto investors are opened

12 Feb 2024

Finance | Action on ‘unacceptable’ local authority audit delays at last

The government is taking radical action to introduce a final cut-off date this September to get rid of the ‘unacceptable’ backlog of late local authority audits

12 Feb 2024

Finance

Auditing

Public Sector

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Finance | NAO set to revise local authority Code of Audit Practice

The National Audit Office (NAO) has launched a four-week consultation seeking views on changes to the Code of Audit Practice affecting local authority audits

12 Feb 2024

Finance

Audit Consultations

Image for axiom ince unlikely pay ps6m tax bill

Tax | Axiom Ince unlikely to pay £6m tax bill

Administrators at Axiom Ince said that the law firm will not have the funds to pay a multimillion pound tax bill

9 Feb 2024

HMRC

Image for four year jail time royal mail fraudster

Business | Four-year jail time for Royal Mail fraudster

The director of a parcel company who masterminded a scam to defraud Royal Mail has been jailed over the £77m fraud

9 Feb 2024

Law & Guidance

Called to Account

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Business | 750 fake companies registered in six weeks

Over 750 companies have been registered on Companies House in six weeks claiming the identity of innocent people

9 Feb 2024

Law & Guidance

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Business | Decline in vacancies as candidate numbers rise

The number of vacancies across the UK fell for the fourth time in five months in January as demand for staff declined

9 Feb 2024

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Tax | 2.8 million more higher rate taxpayers

Millions more people are paying income tax than in 2010 as 4.5m taxpayers are caught by rising taxes and frozen thresholds with majority hit by 40% rate

9 Feb 2024

Personal Tax

Politics

Image for what are rules refusing flexible working request

Business | What are the rules for refusing a flexible working request?

Croner-i employment law researcher and writer, Stacie Cheadle, looks in more detail at the right to request flexible working and what happens when an employer says no

9 Feb 2024

Tax | Landfill tax investigations rake in £281m

Underpaid landfill tax investigations have recovered £1bn over five years due to the ease of making mistakes

9 Feb 2024

HMRC

Tax Compliance

Image for people news hwb johnston carmichael rsm

HR | People in the news: HWB, Johnston Carmichael, RSM

In this week’s accountancy career moves, partner promotions and hires at DSG, Azets, Moore Kingston Smith, Prime Accountants Group, Charity Commission

9 Feb 2024