Business &amp; Accountancy Daily

Personal Tax

Tax Planning

Image for sage will provide free mtd income tax software says treasury

Tax | Sage will provide free MTD for income tax software, says Treasury

James Murray, Treasury minister responsible for HMRC has confirmed free Sage software will be available for Making Tax Digital for income tax, albeit a basic package

16 Jan 2025

Tax | Tips and pitfalls for GPs preparing to file tax returns

GP tax expert Katie Collin gives the lowdown on key issues to consider when completing annual 2023-24 tax returns, particularly for practice partners, locums and higher earning doctors

16 Jan 2025

Business | GDP growth shows minimal 0.1% growth

The latest November GDP data shows lacklustre 0.1% growth after quarter three figures showed no growth at all in a blow to business leaders

16 Jan 2025

Companies

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Business | Aberdeen Council team leader stole £1.1m over 17 years

A ‘lack of segregation of duties’ allowed an Aberdeen City Council employee to transfer himself hundreds of council tax refunds for nearly two decades

16 Jan 2025

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Business | Alvarez & Marsal extends reach into Ireland

Alvarez & Marsal has opened its first office in Ireland and established a corporate finance practice with plans to ramp up recruitment

16 Jan 2025

Leadership & Management

Tax | Register for webinar on crypto tax compliance

Sign up for our exclusive crypto tax webinar on 21 January to find out how to avoid an HMRC investigation

16 Jan 2025

Personal Tax

Tax Compliance

Image for property developers ps12bn claim against kpmg without merit

Business | Property developer’s £1.2bn claim against KPMG ‘without merit’

The High Court has thrown out a claim by Manchester property developer who tried to sue KPMG for £1.2bn for professional negligence

15 Jan 2025

Restructuring & Insolvency

Accountancy Firms

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Business | How failure to prevent fraud rules affect UK directors

Rachael Gregory, partner at Grosvenor Law, explains the implications of the new offence of failure to prevent fraud under ECCTA and how it will affect directors from September

15 Jan 2025

Tax | HMRC to hire £130k director to overhaul customer service

With customer service at an all-time low, HMRC is advertising for a director of transformation to overhaul and transform service levels at tax authority

15 Jan 2025

Leadership & Management

Image for conservative call emergency budget shot down

Tax | Conservative call for emergency Budget shot down

The prime minister forcefully rejected calls from Conservatives for a second Budget at PMQs in parliament when grilled by the leader of the opposition

15 Jan 2025

Budget

Politics

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Business | Risk of UK recession ‘increasing’ as inflation down 0.1%

Rachel Reeves will be relieved this morning as the inflation rate minutely reduced to 2.5% over 12 months in December

15 Jan 2025

Companies

Business | Employment Bill ignores umbrella companies, warns REC chief

A lack of umbrella company and agency worker references in the Employment Rights Bill is a ‘major lacuna’, Neil Carberry, head of REC, tells MPs

15 Jan 2025

Business | Bitcoin fraudster ordered to repay £3.1m

Former takeaway worker turned crypto currency launderer has been ordered to pay back over £3m or face a further seven years in jail

15 Jan 2025

Image for two weeks 44m people file tax returns warns hmrc

Tax | Two weeks for 4.4m people to file tax returns, warns HMRC

Nearly a third of taxpayers have not submitted their 2023-24 tax return with the deadline of 31 January fast approaching and worries people will make mistakes on higher rate child benefit

15 Jan 2025

Tax | Brits will face 100% tax on Spanish property purchases

Spain plans to introduce a punitive 100% property transaction tax for UK buyers of holiday homes while favourable Golden Visa is ending in April

14 Jan 2025

Property Tax

Tax Planning

Tax | Tulip Siddiq resigns from the Treasury

The MP for Hampstead and Highgate has resigned from her position as Treasury minister after intense pressure about her links to the ousted leader of Bangladesh

14 Jan 2025

Politics

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Finance | Directors can remove address from Companies House

Companies House is watering down registration rules to allow directors to remove some residential addresses from the register for as little as £30

14 Jan 2025

Finance

Financial Reporting

Corporate Governance

Image for legal updates sole director decision making and model articles rules

Finance | Legal updates: sole director, decision making and model articles rules

Sophie Brookes and Debbie Shaw examine rulings on sole director and model articles in RKF Services, disclosure of share trading at Wizz Air and plans for PISCES private company share trading platform

14 Jan 2025

Finance

Law and Regulation

Corporate Governance

Image for auditors slow implement ai due knowledge gap

Finance | Auditors slow to implement AI due to knowledge gap

A third of auditors are using artificial intelligence to some degree in their jobs with added efficiency, but many are sceptical about the value

14 Jan 2025

Tax | Number of higher rate taxpayers up 43% in three years

Frozen tax thresholds mean over 3.2m people will have to pay more tax this year, with the majority being dragged into 40% tax bracket

14 Jan 2025

Business | Bank scammer jailed after spending £100k on Porsche

A South London fraudster stole almost £1m from unsuspecting victims he conned into believing he was calling from the bank has been jailed for five years

14 Jan 2025