The regulator has fined PwC nearly £3m for poor audit work on the Gupta owned Wyelands Bank after failing to assess risk levels, going concern and related party transactions
The executors of a family estate have won an appeal at the Upper Tribunal against inheritance tax (IHT) on the sale of a property that was placed in a trust eight years before the property owner died
In its first move into the UK market, US accounting firm BPM has set up its first office in London appointing four UK-based partners to head up the operation
A fifth individual has appeared in court via video link over charges of involvement in an ‘unauthorised’ investment scheme centred on water bottling in Namibia and New Zealand
Fraudulent student loan applications could be costing the taxpayer ‘hundreds of millions of pounds’ as a surge in the number of Romanian students is questioned
HMRC has won at the Court of Appeal to have the mega marshmallow VAT case sent back to the First Tier Tribunal to decide whether they are ‘normally eaten with the fingers’
Graeme Connell CA CTA considers the key year end business tax planning priorities for owner managed businesses and companies from trade receivables to cash flow and provisions to directors' loans
The Russian subsidiary of top six law firm Herbert Smith Freehills has been given a £465,000 penalty for breaching Russian sanctions due to ‘human error’ after self-reporting to the OFSI
Tax receipts are up 5.3% so far on the year but almost £300m more has been paid in stamp duty land tax this February than last while inheritance tax was up 12%
In this week’s career moves and partner promotions, EY, AAB, Old Mill, Evelyn Partners, Simmons Gainsford, Lawrence Stephens, BDO, Langtons, RCK, UKEB, IFS
The Financial Reporting Council (FRC) has terminated the lease on its London Wall office in eastward shift to Canary Wharf, confirming all new hires will be out of Birmingham