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Image for using salary sacrifice offset employers nic increase

Tax | Using salary sacrifice to offset employers’ NIC increase

With the increase in employers’ national insurance from April 2025, employers have some options to mitigate the rise using pensions salary sacrifice, explains Alex Simpson, partner, and Oliver Bull, associate director at Evelyn Partners

2 Dec 2024

Tax | Accountant to stars loses claim for damages against HMRC

One-time celebrity accountant Christopher Lunn has lost a case at County Court for claims of damage and injury against HMRC

2 Dec 2024

Finance | PSAA increases local audit fees by 9.5%

Public Sector Audit Appointments (PSAA) has set the fee scale for 2024/25 local audits applicable to local authorities, public sector bodies and the NHS with an inflation busting increase

2 Dec 2024

Business | Typhoo Tea rescued by vape seller for £10.2m

AIM listed Supreme has acquired the trade and assets of Typhoo Tea after the long-established tea brand went into administration

2 Dec 2024

Business

Companies

Restructuring & Insolvency

Image for junior trader hid ps46m losses macquarie bank

Business | Junior trader hid £46m in losses at Macquarie Bank

The Financial Conduct Authority has fined Macquarie Bank £13m for ‘serious failings’ which led to a single employee creating over 400 ‘fictitious trades’

2 Dec 2024

Business

Called to Account

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Tax | Portugal offers expats IHT tax planning options

Upcoming changes to inheritance tax could deliver significant savings to British expats living in Portugal if they have been living outside the UK for a sizeable period

2 Dec 2024

Finance | Legal updates: oral agreement to transfer shares in business

Sophie Brookes and Debbie Shaw examine rulings on an oral agreement to transfer shares of business in Lane, planning for rival firm did not breach fiduciary duties in Cheshire and risk for passive investors in Barclays case

2 Dec 2024

Finance

Law and Regulation

Corporate Governance

Image for harry potter actor loses ps18m tax dispute

Tax | Harry Potter actor loses £1.8m tax dispute

Rupert Grint, famous for his childhood role in the Harry Potter films, faces £1.8m tax bill after HMRC rejected claim for entrepreneurs relief and 10% capital gains tax

29 Nov 2024

Tax | Buyers of 400-year-old mansion face £54k tax bill

A nine-bedroom mansion dating back to 1622 has been classed as residential for stamp duty purposes by Revenue Scotland leaving taxpayers with £54,770 tax bill

29 Nov 2024

Tax

Property Tax

Case Reports

Image for scottish pensioners will get winter heating payment

Finance | Scottish pensioners will get winter heating payment

The Scottish government has committed to paying winter fuel allowance to pensioners and ‘will not abandon older people this winter’

29 Nov 2024

Finance

Pensions

Image for hmrc extends wait time register agent services account

Tax | HMRC extends wait time to register for agent services account

Tax agents will have to wait up to eight weeks for HMRC to approve applications for agent services accounts

29 Nov 2024

Tax

HMRC

Tax Compliance

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HR | Third of accountants have lied on CV

The Chancellor has been under the spotlight recently after being accused of doctoring her CV which sparked Capital on Tap to research how many people do the same

29 Nov 2024

HR

Work

Careers

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HR | What action to take if employee suspected of theft

Dealing with a staff member who is suspected of theft requires careful consideration to ensure any misconduct dismissal is fair

29 Nov 2024

HR

Work

Leadership & Management

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HR | People in the news: Azets, Baker Tilly, FRC

In this week’s career moves, partner promotions and hires at Azets, Deloitte, PKF Smith Cooper, Baker Tilly International, RCK Partners, Financial Reporting Council, National Youth Agency

29 Nov 2024

HR

Work

Careers

Leadership & Management

Image for natwest advent calendar shares top 12 online scams

Business | NatWest advent calendar shares top 12 online scams

With Christmas approaching many of us will be shopping online, which comes with the risk of being scammed as opportunist fraudsters look to capitalise

29 Nov 2024

Business

Companies

Finance | Webinar on year-end financial reporting tips

Sign up for our webinar on 2024 year-end financial reporting reminders on 3 December

29 Nov 2024

Business | Typhoo Tea calls in administrators as potential buyer lined up

Talks to save the 120-year-old business are underway as Typhoo Tea appoints administrators from Kroll

28 Nov 2024

Business

Companies

Restructuring & Insolvency

Image for nao refuses sign government accounts first time

Finance | NAO refuses to sign off government accounts for first time

For the first time ever, the audit watchdog has refused to sign off the latest whole of government accounts due to lack of ‘appropriate evidence to form an opinion’

28 Nov 2024

Finance

Financial Reporting

Auditing

Image for hmrc compliance hires need hit ground running

Tax | HMRC compliance hires ‘need to hit the ground running’

MPs on the Treasury Committee questioned HMRC boss about how quickly new compliance staff will be able to make an impact on tax gap, scale of farming tax and plans to implement artificial intelligence (AI)

28 Nov 2024

Tax

HMRC

Business | HMRC officer avoids jail for faking national insurance numbers

A former HMRC compliance officer took advantage of her position at the tax authority to help her husband launder £3m of ‘criminal cash’

28 Nov 2024

Tax | How to reduce capital gains tax bills legally

The rise in capital gains tax (CGT) rates at the Budget has left people wondering how to reduce their exposure and where to invest, warns Rowan Morrow-McDade, tax director at Alexander & Co

28 Nov 2024

Finance | Cayman allows limited access to company ownership records

The Cayman Islands government plans to expand access to beneficial ownership information if users can demonstrate a ‘legitimate interest’, but opt-out available

28 Nov 2024

Business | Black Friday deal: 20% off HR support from BrightHR

Business & Accountancy Daily and Croner-i have strategically partnered with the UK’s leading HR, H&S and payroll software company, BrightHR, to offer our readers an exclusive 20% discount on the market's easiest to use software

28 Nov 2024

Leadership & Management