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Latest news

Image for umbrella loses ps135k tax appeal over subsistence

Tax | Umbrella loses £135k tax appeal over subsistence

A London based umbrella company has lost an appeal at the Upper Tribunal over a tax liability on subsistence payments to agency workers

4 Sep 2024

Tax

Case Reports

Image for one three non doms plan leave uk

Tax | One in three non-doms plan to leave UK

A large number of non-doms are considering leaving the UK due to sweeping changes to tax rules with the abolition of non-dom status

4 Sep 2024

Tax

HMRC

Politics

Image for pay mile charge drivers could stop ps5bn tax loss

Tax | Pay per mile charge for drivers could stop £5bn tax loss

Campaigners are calling on the Chancellor to overhaul road tax urgently and replace it with a pay per mile system as revenues tumble

4 Sep 2024

Tax

Personal Tax

Budget

Image for ps500k watches seized care home fraud raid

Business | £500k of watches seized in care home fraud raid

After three directors were arrested in March for a suspected £76m care home investment fraud, the Serious Fraud Office (SFO) has recovered half a million pounds worth of luxury watches

4 Sep 2024

Business

Called to Account

Image for insolvency service shuts down pension predators

Business | Insolvency Service shuts down pension predators

A pair of cold call companies run by two pensioners claiming to be contacting elderly people about repairs to their computers have been wound up

4 Sep 2024

Business

Restructuring & Insolvency

Called to Account

Image for duncan toplis snaps haines watts north london

HR | Duncan & Toplis snaps up Haines Watts North London

Private equity backed Duncan & Toplis has acquired Haines Watts North London, establishing the group’s first office in the capital

4 Sep 2024

HR

Careers

Leadership & Management

Business

Accountancy Firms

Image for fts recovery acquires beacon lip

Business | FTS Recovery acquires Beacon LIP

Business restructuring specialist FTS Recovery has made a strategic acquisition of licensed insolvency firm, Beacon LIP

4 Sep 2024

Business

Accountancy Firms

Restructuring & Insolvency

Image for ps16k vat saga dismissed after wrong hmrc advice

Tax | £16k VAT saga dismissed after wrong HMRC advice

A static caravan owner was told he could claim back the VAT for building work by an HMRC advisor but lost the appeal as incorrect advice was given

3 Sep 2024

Tax | HMRC advisory fuel rates for company car users from 1 September 2024

HMRC has cut advisory fuel rates for company users of petrol and diesel cars, as well as electric vehicles

3 Sep 2024

Tax | Chancellor grilled on winter fuel payment axe

Rachel Reeves was under attack from MPs in the House of Commons today about removal of the pensioners’ winter fuel payments, as well as confirming a business tax roadmap

3 Sep 2024

Tax | HMRC clarifies refund process for higher rate stamp duty

HMRC has issued guidance outlining how to apply for a refund of stamp duty land tax on a main home sale when selling additional properties

3 Sep 2024

Tax

Property Tax

Tax Compliance

Image for sellers accelerate ma deals amid threat cgt increase

Business | Sellers accelerate M&A deals amid threat of CGT increase

Despite a drop in the number of UK mergers and acquisition (M&A) deals in Q2 2024, activity is set to ramp up in the lead up to the Budget

3 Sep 2024

Business

Companies

Accountancy Firms

Image for bank fraudsters caught selling passcode hacking software

Business | Bank fraudsters caught for selling passcode hacking software

The developers of software to provide criminals with one time passcodes (OTP) to bypass banking security have plead guilty to a string of fraud charges

3 Sep 2024

Business

Called to Account

Image for qa small employers relief statutory maternity pay

Tax | Q&A: small employer’s relief for statutory maternity pay

In this week’s Q&A, Croner-i payroll advisor Joe Tabois, explains the rules for claiming statutory maternity pay leave tax break for connected companies

3 Sep 2024

Tax

Employment Tax

Tax Compliance

Image for dog breeders must pay tax ps1k plus sales

Tax | Dog breeders must pay tax on £1k plus sales

Any breeder earning more than £1,000 a year from sales is required to declare income and pay tax, but many are evading the law, warns Gavin Nurse, senior tax manager, EQ Accountants

3 Sep 2024

Business | Managing risk and professional reputation at accountancy firms

The value of an accountancy firm’s reputation cannot be overstated, so it is essential to manage reputational risk, explains Ryan McSharry, UK head of crisis at Infinite Global

2 Sep 2024

Business

Accountancy Firms

Tax | Business leaders worry about risk of higher taxes

Labour has vocalised its ambition to restore growth but company directors’ confidence levels have fallen to negative levels since they were elected

2 Sep 2024

Business | Sham insolvency firms misled directors about debt liability

A web of advisers offered ‘rescue services’ to ailing companies by declaring debt liabilities would be written off

2 Sep 2024

Business

Companies

Restructuring & Insolvency

Called to Account

Image for ps1bn public sector contracts due expire

Tax | £1bn of public sector contracts due to expire

KPMG was awarded a £223m public sector contract even after Rachel Reeves pledged to reduce the spending on consultants to plug the gap in government finances

2 Sep 2024

Finance | Calderdale Council fails to file multiple charity accounts

Charity Commission issues first ever official warning to a local authority in west Yorkshire after failing to properly manage charities and file accounts for over five years

2 Sep 2024

Business

Charities

Called to Account

Image for n4 pharma hires gravita ps37k audit

Finance | N4 Pharma hires Gravita for £37k audit

AIM listed N4 Pharma has swapped auditors at short notice with the appointment of private equity backed Gravita after six years

2 Sep 2024

Finance

Auditing

Corporate Governance

Image for ifrs accounting taxonomy update reflect ifrs 19

Finance | IFRS Accounting Taxonomy update to reflect IFRS 19

The International Accounting Standards Board (IASB) is consulting on proposals to update the IFRS Accounting Taxonomy 2024 to reflect new IFRS 19 standard

2 Sep 2024

Finance

Accounting Standards

Accounting Consultations

Business | TC Group snaps up Stokoe Rodger

Private equity backed TC Group merges with north east-based accountancy firm, Stokoe Rodger

2 Sep 2024

Business

Accountancy Firms

Image for tax filing deadlines sep 2024 jan 2025

Tax | Tax filing deadlines: Sep 2024 to Jan 2025

Deadline for corporation tax returns for accounting periods ended 30 September 2023

2 Sep 2024

Tax

HMRC

Tax Compliance

Tax | CPD module: roundup of important tax cases

In this month’s exclusive Accountancy Daily free CPD module, we give the inside track on some significant recent decisions on capital allowances and property taxes

2 Sep 2024

Tax

Law and Regulation

Navigate

Tax Services

Latest news

Tax | Umbrella loses £135k tax appeal over subsistence

Tax | One in three non-doms plan to leave UK

Tax | Pay per mile charge for drivers could stop £5bn tax loss

Business | £500k of watches seized in care home fraud raid

Business | Insolvency Service shuts down pension predators

HR | Duncan & Toplis snaps up Haines Watts North London

Business | FTS Recovery acquires Beacon LIP

Tax | £16k VAT saga dismissed after wrong HMRC advice

Tax | HMRC advisory fuel rates for company car users from 1 September 2024

Tax | Chancellor grilled on winter fuel payment axe

Tax | HMRC clarifies refund process for higher rate stamp duty

Business | Sellers accelerate M&A deals amid threat of CGT increase

Business | Bank fraudsters caught for selling passcode hacking software

Tax | Q&A: small employer’s relief for statutory maternity pay

Tax | Dog breeders must pay tax on £1k plus sales

Business | Managing risk and professional reputation at accountancy firms

Tax | Business leaders worry about risk of higher taxes

Business | Sham insolvency firms misled directors about debt liability

Tax | £1bn of public sector contracts due to expire

Finance | Calderdale Council fails to file multiple charity accounts

Finance | N4 Pharma hires Gravita for £37k audit

Finance | IFRS Accounting Taxonomy update to reflect IFRS 19

Business | TC Group snaps up Stokoe Rodger

Tax | Tax filing deadlines: Sep 2024 to Jan 2025

Tax | CPD module: roundup of important tax cases