Business &amp; Accountancy Daily

Image for hastings insurance wins ps16m offshore looping vat appeal

Tax | Hastings Insurance wins £16m offshore looping VAT appeal

Insurance giant Hastings, owner of the Hastings Direct brand, has won a VAT appeal for over £16m related to a claim for input tax for supply of services in Gibraltar

7 Mar 2025

HR | Deloitte US links bonuses to office working

Big Four accounting giant Deloitte US plans to take compliance with office working rules into account when determining bonuses at annual performance reviews

7 Mar 2025

Image for girls just wanna have more leadership opportunities

Business | Girls just wanna have… more leadership opportunities

For International Women’s Day, Stephanie Rix, chief people officer at HLB, asks why if two in five accountants are women, they are still incredibly rare at the top of accountancy firms

7 Mar 2025

Image for hmrc employer helpline strikes extended mid may

Tax | HMRC employer helpline strikes extended to mid May

Businesses using employer helplines will be affected by another two months of strike action at HMRC’s Newcastle as union calls for HMRC to ‘get around the table’

7 Mar 2025

Image for handy hmrc tool calculate tax due savings interest

Tax | Handy HMRC tool to calculate tax due on savings interest

As thousands breach annual tax free savings allowances, HMRC has launched a useful tool to work out how much tax is payable on savings interest and dividend income

7 Mar 2025

HR | Redundancy and multiple sites: who’s at risk?

Stacie Cheadle, Croner-i technical writer, explains how employers with multiple sites should approach a redundancy consultation when similar roles affected

7 Mar 2025

Legal & Guidance

Image for people news shaw gibbs wright vigar kreston

HR | People in the news: Shaw Gibbs, Wright Vigar, Kreston

In this week’s career moves, partner promotions and hires at Shaw Gibbs, Albert Goodman, Armstrong Watson, Wright Vigar, EY, Kreston Global, FSCS

7 Mar 2025

Image for mps blast hmrc over excessive number senior staff

Tax | MPs blast HMRC over excessive number of senior staff

Despite millions in funding, HMRC productivity levels continue to decline with large number of staff in senior positions, accusations of special treatment for high net worth taxpayers and an inundation of calls from pensioners

6 Mar 2025

HMRC

Image for fire restaurant not reason refuse pay ps60k tax penalties

Tax | Fire at restaurant not reason to refuse to pay £60k tax penalties

A Worthing restaurant owner has lost an attempt to overturn an HMRC demand for £60,463.39 in unpaid VAT penalties as he took over five years to appeal

6 Mar 2025

VAT

Case Reports

Image for crackdown ir35 raises ps42bn extra tax

Tax | Crackdown on IR35 raises £4.2bn extra tax

Changes to IR35 off-payroll working rules affected 120,000 contractors and raised an additional £4.2bn in tax in just four years

6 Mar 2025

HMRC

Image for hazlewoods expands bristol operation

Business | Hazlewoods expands Bristol operation

Independently owned Top 30 firm Hazlewoods has moved to a larger office in the heart of Bristol’s business district as part of ambitious growth with plans to hire more staff across the south west

6 Mar 2025

Image for tax system too complicated e invoicing

Tax | Is tax system too complicated for e-invoicing?

HMRC’s e-invoicing consultation is underway, but what are the pros and cons of full automation, asks Russell Gammon, chief solutions officer at Tax Systems

6 Mar 2025

Tax | Register for webinar on national minimum wage pitfalls

Sign up for our webinar on pitfalls for employers: deductions of national minimum wage on 11 March

6 Mar 2025

Finance | Brexit dividend sees pay reporting for companies simplified

The government is simplifying the complex rules on directors’ remuneration reporting to remove duplication due to EU Directives which are not needed post Brexit, and bringing in a limited tender exemption on non audit services

5 Mar 2025

Business | US firm snaps up Clay GBP accountants

California based tax advisers and wealth management firm Ground Control Business Management has made its first move into the UK with the acquisition of Clay GBP

5 Mar 2025

Business

Accountancy Firms

Image for statutory sick pay day one gets green light

HR | Statutory sick pay from day one gets green light

Government will go ahead with abolition of the three-day waiting period for statutory sick pay with an 80% low earnings limit, although the timing is not clear

5 Mar 2025

Legal & Guidance

Image for ps25m vat hit hair transplants not cure

Tax | £2.5m VAT hit as hair transplants ‘not a cure’

A hair transplant company has lost a £2.5m appeal against VAT assessments as the tribunal ruling stated services it was providing for the treatment of alopecia were ‘purely cosmetic’

5 Mar 2025

Tax | Online side hustlers sent HMRC letters about unpaid tax

HMRC has started sending letters to online sellers and side hustlers it suspects of not paying tax or disclosing sales on online platforms in 2022-23, giving 30 days to respond

5 Mar 2025

Tax | HMRC takes up to two years to resolve RTI collection issues

Real time information (RTI) for PAYE is causing payroll managers problems that sometimes take years for HMRC to correct while the helpline causes ‘great frustration’

5 Mar 2025