Business &amp; Accountancy Daily

AI & Technology

Image for former police officer jailed ps44m fraud

Business | Former police officer jailed for £44m fraud

The ex-police sergeant turned professional gambler and fraudster has been jailed after ‘one of the most complex investigations of its nature in the history of Kent Police’ concluded

25 Sep 2024

Image for rachael reeves announces introduction e invoicing

Business | Rachael Reeves announces the introduction of e-Invoicing

The Chancellor has used the Labour party conference to announce that the government wants to promote the wider use of electronic invoicing across UK businesses and government departments

25 Sep 2024

Companies

AI & Technology

Image for capital gains tax receipts double

Tax | Capital gains tax receipts double

Many are expecting increases to capital gains tax (CGT) rates to be announced in the October 2024 Budget, data shows the reduction in the rate has helped to increase receipts

25 Sep 2024

Tax | Shein accused of tax dodging by Superdry boss

Superdry boss Julian Dunkerton has accused the budget online retailer Shein of being allowed to ‘dodge tax’ in an unfair way

25 Sep 2024

Tax | Q&A: What happens to capital allowances pool balance after April 2025?

The capital allowances pool is effectively taken over by the ongoing property business with written down allowances being claimed as the losses become part of the ongoing property business

25 Sep 2024

Tax Compliance

Tax Planning

Image for vat private school fees will impact 55 parents

Tax | VAT on private school fees will impact 55% of parents

Over half of children currently in private education may be impacted due to the rising costs and addition of VAT on fees

24 Sep 2024

Tax | Frozen thresholds decreasing disposable income

The median household disposable income in the UK in 2023 was £34,500, decreasing by 2.5% from 2022 while those on the lower end of the scale saw a 2.3% increase

24 Sep 2024

Personal Tax

Budget

Image for artificial intelligence considered biggest risk businesses

Business | Artificial intelligence considered the biggest risk to businesses

While artificial intelligence (AI) is set to impact the majority of sectors across the world UK businesses have expressed it as one of their number one concerns from 2025 onwards, says the CIIA

24 Sep 2024

AI & Technology

Image for 671000 young adults urged claim their trust funds

Tax | 671,000 young adults urged to claim their trust funds

HMRC are today informing over half a million 18–22-year-olds with a Child Trust Fund to claim their savings as an average of £2,212 sits in each one

24 Sep 2024

HMRC

Image for rspca trustee accused abusing charities money

Business | RSPCA trustee accused of abusing charities money

The former trustee of RSPCA has been accused of abusing his position over six years, using the charities funds to pay for more than £100,000 of taxis and hotels

24 Sep 2024

Image for ni contributions down over ps1bn

Tax | NI contributions down by over £1bn

The total tax and national insurance (NI) receipts for August were up but the national insurance take is down by over £1bn from August 2023, balanced out by a £1bn increase in income tax receipts

24 Sep 2024

HMRC

Image for how can incentives capital investment better support smes

Tax | How can incentives for capital investment better support SMEs?

Partner at RSM, James Tetley, asks how SMEs can be supported by the capital investment sought out by the Chancellor

24 Sep 2024

Business | What accountants need to know about Google AI overview

Google’s AI tools have faced some criticism for their accuracy which is important to keep an eye on as an accountant, explains Oliver Eardley is principal SEO consultant at Add People

23 Sep 2024

Business | 69-year-old ‘serial fraudster’ jailed for 18 months

A fraudster convicted of theft and false accounting almost 20 years ago has been jailed for 18 months at Southwark Crown Court for claiming a fraudulent £50,000 Covid bounce back loan

23 Sep 2024

Image for era trickle down trickle out economics over

Tax | ‘The era of trickle down trickle out economics is over’

The first female Chancellor, Rachel Reeves delivered her speech at the Labour Party Conference in Liverpool where she stated ‘Britain is open for business once again’

23 Sep 2024

Politics

Tax | Tax savings moves to make before the budget

Experts, Sarah Coles, head of personal finance and Helen Morrissey, head of retirement analysis from Hargreaves Lansdown recommends tax-saving moves which would be beneficial to make before 30 October

23 Sep 2024

Personal Tax

HMRC

Image for former employee national trust jailed ps1m fraud

Business | Former employee of National Trust jailed for £1m fraud

The former National Trust employee was jailed on 20 September at Bristol Crown Court after being found guilty of stealing over £1m from the National Trust

23 Sep 2024