Croner Intelligence workflows guide users from query to finished letter, Register for the Budget 2026 tax changes webinar now, and HMRC warns taxpayers to declare all qualifying income streams for MTD

Summary provided by AI

Business & Accountancy Daily

Latest news

Image for top 75 firms survey 2025 watershed year accountants

Business | Top 75 Firms Survey 2025: watershed year for accountants

Rising revenue and mixed profitability is shaping the Top 75 Firms as private equity invests heavily, M&A plays a major role and the Big Four face profit squeeze. Philip Smith analyses the latest trends and financials, plus exclusive Top 75 league tables

28 Mar 2025

Accountancy Firms

Leadership & Management

Image for mancunian rabbi loses ps63m non dom tax appeal

Tax | Mancunian rabbi loses £6.3m non dom tax appeal

A 76-year-old rabbi and property tycoon has lost his appeal at the First Tier Tribunal (FTT) after claiming to be non domiciled for tax purposes

28 Mar 2025

Image for jeremy hunt upsets accountants short sighted ai comments

Business | Jeremy Hunt upsets accountants with ‘short-sighted’ AI comments

A few remarks in a podcast from the former Chancellor have riled up the accountancy profession with some calling Jeremy Hunt’s comments ‘short sighted’

28 Mar 2025

Accountancy Firms

AI & Technology

Image for whsmith sells high street stores ps76m deal

Business | WHSmith sells high street stores in £76m deal

Private equity firm Modella Capital has bought the high street arm of WHSmith for £76m after the 233-year-old retailer shifts focus to travel business

28 Mar 2025

Restructuring & Insolvency

Image for people news saffery grant thornton kpmg

HR | People in the news: Saffery, Grant Thornton, KPMG

In this week’s career moves, partner promotions and hires at Grant Thornton, Saffery, KPMG, McDermott Will & Emery, RMT, Nichols, JSG

28 Mar 2025

Leadership & Management

Image for spring statement 2025 glance

Tax | Spring Statement 2025 at a glance

The Business & Accountancy Daily team gives a rundown on key changes from hike in tax penalties for late payment to stifling tax avoidance promotors, plans for strict rules to clamp down on tax advisers turning a blind eye to avoidance, and MTD extension

28 Mar 2025

Image for first time adopters guide isa lce audit rules

Finance | First-time adopters guide for ISA for LCE audit rules

The International Auditing and Assurance Standards Board (IAASB) has released a first-time implementation guide for the ISA for LCE for auditors

28 Mar 2025

Audit Regulations

Image for are your employment contracts legally compliant

HR | Are your employment contracts legally compliant?

When hiring new employees or promoting staff it is essential to ensure employment contracts are provided and meet all the latest legal requirements, explains Stacie Cheadle, Croner-i CIPD HR-inform

28 Mar 2025

Leadership & Management

Legal & Guidance

27 Mar 2025

Image for spring statement throwing money hmrc will not solve tax gap

Tax | Spring Statement: throwing money at HMRC will not solve tax gap

Nimesh Shah, CEO of Blick Rothenberg calls for an urgent overhaul of the hugely complex tax system, arguing just hiring hundreds more compliance staff is not the answer to HMRC’s problems

27 Mar 2025

Image for spring statement hmrc stifle tax avoidance promoters

Tax | Spring Statement: HMRC to stifle tax avoidance promoters

The government is planning to ramp up activity to stamp out promoters and enablers of tax avoidance schemes with very tough regime

27 Mar 2025

Image for spring statement rd tax advanced clearance system overhaul

Tax | Spring Statement: R&D tax advanced clearance system overhaul

The government plans to overhaul the research and development (R&D) advanced clearance system which will have to be used before companies can apply for R&D credits

27 Mar 2025

Image for spring statement mtd extension costly and confusing

Tax | Spring Statement: MTD extension ‘costly and confusing’

The expansion of Making Tax Digital to millions more self employed individuals earning as little as £20,000 will be a challenge as HMRC withdraws free filing software used by over four million taxpayers

27 Mar 2025

Making Tax Digital

Image for spring statement high income child benefit paye summer 2025

Tax | Spring Statement: high income child benefit via PAYE from Summer 2025

Taxpayers facing the high income child benefit charge will no longer have to do a tax return from this summer as HICBC will be deductible through PAYE earnings

27 Mar 2025

Image for rd compliance reviews correct approach

Tax | R&D compliance reviews – the correct approach

For any company using research and development (R&D) tax relief, there is always the concern that HMRC could come calling, explains James Eason, enquiry consultant at Croner-i My VIP Tax Team

27 Mar 2025

Image for dartford cab driver jailed ps130k loan fraud

Business | Dartford cab driver jailed for £130k loan fraud

A taxi driver from Kent has been jailed after fraudulently claiming £130,000 in bank loans by filing three applications based on fake turnover

27 Mar 2025

Called to Account

26 Mar 2025

Image for spring statement crackdown tax advisers ps3k daily fines

Tax | Spring Statement: crackdown on tax advisers with £3k daily fines

Any tax advisers HMRC suspects of breaching tax rules by clients are going to come under increased scrutiny with proposals to issue fines of up £3,000 a day and new liability for firms

26 Mar 2025

Image for spring statement late payment penalties rise 10

Tax | Spring Statement: late payment penalties rise to 10%

Late payment penalties for taxpayers are set to increase from the new tax year, the chancellor announced in her first Spring Statement

26 Mar 2025

Image for spring statement funding hmrc tackle tax evaders

Tax | Spring Statement: funding for HMRC to tackle tax evaders

Tax evaders and those who blatantly ignore their tax liabilities are going to be targeted more harshly by HMRC, the chancellor said in her first Spring Statement, while the wealthy team will be expanded

26 Mar 2025

Image for spring statement treasury review isa savings accounts

Tax | Spring Statement: Treasury to review ISA savings accounts

The much trailed plan to review ISA savings accounts will go ahead, with the government planning to overhaul current system with a view to shifting savings to riskier stocks and shares ISAs

26 Mar 2025

Image for spring statement ps20k threshold mtd 2028

Tax | Spring Statement: £20k threshold for MTD from 2028

All self employed and landlords with income over £20,000 will have to file quarterly returns under Making Tax Digital for Income Tax from 2028

26 Mar 2025

Making Tax Digital

Image for cocktail risks despite drop 28 inflation

Business | ‘Cocktail of risks’ despite drop to 2.8% inflation

Inflation has fallen from 3% to 2.8% for February but big price rises are baked in for April meaning any relief will be short lived and half the data was not analysed yet

26 Mar 2025

Image for self assessment tax refund texts hmrc

Tax | Self assessment tax refund texts from HMRC

HMRC has issued a warning to taxpayers that they may receive an official text confirming that their tax refund is being processed

26 Mar 2025

Image for payroll tips preparing start tax year

Tax | Payroll tips for preparing for start of tax year

April is on the doorstep and that means a host of changes for payroll and HR teams. Samantha O'Sullivan, policy lead at the Chartered Institute of Payroll Professionals, explains the key changes

26 Mar 2025

Image for hmrc launches email escalation service agents

Tax | HMRC launches email escalation service for agents

In an attempt to sort out huge service delays at HMRC, tax agents and accountants will be given access to an escalation process if PAYE queries are taking more than four weeks to resolve

26 Mar 2025

Image for legal updates failure transfer shares was nuisance petition

Finance | Legal updates: failure to transfer shares was ‘nuisance petition’

In this month’s case roundup, rejection of unfair prejudice remedy for share claim in Brierley, articles of association in Key Choice and L1T ruling on NSIA decision, by Sophie Brookes and Debbie Shaw of Gateley

26 Mar 2025

Law and Regulation

Corporate Governance

Croner Intelligence workflows guide users from query to finished letter, Register for the Budget 2026 tax changes webinar now, and HMRC warns taxpayers to declare all qualifying income streams for MTD

Summary provided by AI