An appellant paid their £57,000 income tax bill late due to the wrong advice from an HMRC online adviser, leading to his penalty being overturned at the tribunal
After VAT on private school fees, VAT expert David Gage warns this could ‘open a can of worms’, with other ‘luxury’ services facing indirect tax charge
Big Four firm EY has been fined £251,305 for breaking the non audit services cap for Russian mining group Evraz plc, in contravention of ethical standard for auditors
A US property millionaire will have to a penalty of £5,744,219 for a failure to file tax returns on time as Court of Appeal rules penalties were validly issued
Although artificial intelligence (AI) could pave the way for the future of finance, but some are still reluctant for it to take over the human elements of their roles
Sarah Beale, CEO at the Association of Accounting Technicians explains the importance of SMEs managing their cashflow and building solid balance sheets
The charge of 20% VAT on private school fees is set for 1 January 2025 with no exemption for pre-payments, explains Angela Bedi, senior technical writer at Croner-i
Over £600,000 was stolen from a 93-year-old in a care home by her pensioner nephew with power of attorney who spent over £800,000 throughout the fraud via his own account