Business &amp; Accountancy Daily

Image for 11 government offices london close

| 11 government offices in London to close

Pat McFadden and the Cabinet Office are planning on relocating thousands of civil servants out of the city in a bid to save £94m a year by 2032 by closing 11 London offices

14 May 2025

HR

Careers

Image for hmrc raided 12 properties week 2024

Tax | HMRC raided 12 properties per week in 2024

648 dawn raids were completed by HMRC in 2024 as it steps up its pursuit of tax evaders to close the ever-growing tax gap

14 May 2025

Image for southampton accountant jailed ps600k employer theft

Business | Southampton accountant jailed for £600k employer theft

An accountant working for an international medical devices company for over 16 years has been jailed after conducting a six-year invoice fraud

14 May 2025

Called to Account

Image for beneficiary ps850k estate loses iht battle

Tax | Beneficiary of £850k estate loses IHT battle

The beneficiary of Mohammed Chugtai’s £850,000 estate placed into trusts has lost an appeal against an inheritance tax bill as deceased benefitted from the trusts

14 May 2025

Finance | More powers to strike off companies from register

Companies House has been given stronger powers to strike companies off the company register, so keeping in line with the latest rules is essential, as ECCTA framework kicks in

14 May 2025

Finance

Law and Regulation

Corporate Governance

Image for legal updates expert determination set aside due manifest error

Finance | Legal updates: expert determination set aside due to ‘manifest error’

Sophie Brookes and Debbie Shaw examine High Court decision to set aside expert determination due to ‘manifest error’ in London Stadium v West Ham FC dispute, plus earn-out calculations invalid in CSC Computer Sciences

13 May 2025

Tax | Third of sole traders don’t know what MTD is

Making Tax Digital (MTD) for Income Tax is right around the corner but one in three sole traders have never heard of it, while nearly as many accountants feel unprepared

13 May 2025

Making Tax Digital

Image for hays reappoints pwc ps24m audit

Finance | Hays reappoints PwC for £2.4m audit

FTSE listed recruiter Hays has rehired PwC as statutory auditor after a competitive tender, confirming it follows 20-year rotation requirement

13 May 2025

Finance

Auditing

Corporate Governance

Image for icaew accountant fined diverting ps86k pension payments

Finance | ICAEW accountant fined for diverting £86k pension payments

A chartered accountant and financial controller managed the company pension and doubled his employer contributions to boost his remuneration as he had grievances against employer

13 May 2025

Finance

Corporate Governance

Pensions

Image for care providers warned not use vat avoidance scheme

Tax | Care providers warned not to use VAT avoidance scheme

HMRC is clamping down on care service providers using VAT grouping to recover VAT on costs in residential care, viewed as tax avoidance

13 May 2025

Tax | Q&A: car or van for tax purposes

In this week’s Q&A, Teddy Rawlings ATT, tax adviser at Croner-i VIP Tax Team, explains the benefits in kind and capital allowance rules and how to identify tax position for various vehicle styles

13 May 2025

Business Tax

Image for eu make sellers liable vat paid imports

Tax | EU to make sellers liable for VAT paid on imports

Foreign traders and online platforms will be responsible for import VAT on distance sales of imported goods across the EU in future

13 May 2025

VAT

Law and Regulation

Image for should business owners sell their company april 2026

Tax | Should business owners sell their company before April 2026?

Upcoming changes to business asset disposal relief rates for capital gains tax purposes mean it makes tax sense to sell up before April 2026, argues Simon Daniels, sales director at KBS Corporate

12 May 2025

Business | Children’s charity boss pleads guilty to £860k fraud

The director of a Northern Ireland charity has pleaded guilty to eight offences of fraud at Derry Crown Court totalling £862,574 after previously denying all charges

12 May 2025

Called to Account

Image for tribunal strikes out ps74m kittel vat fraud appeal

Tax | Tribunal strikes out £7.4m Kittel VAT fraud appeal

A Yorkshire director of two liquidated companies chased down for millions in unpaid tax for almost a decade sees appeal struck out after failing to co-operate with tribunal

12 May 2025

Tax | HMRC cuts late payment interest rate to 8.25%

Following 0.25% cut in the base rate last week, HMRC will reduce late payment and repayment interest rates from 28 May

12 May 2025

Image for pybus takes over interim ceo insolvency service

Finance | Pybus takes over as interim CEO at Insolvency Service

Alec Pybus, chief operating officer of the Insolvency Service, named as interim CEO after Dean Beale quit to run new audit body

12 May 2025

Leadership & Management

Image for frp acquires one advisory group

Business | FRP acquires One Advisory Group

Listed business restructuring expert, FRP Advisory has acquired One Advisory Group, a financial reporting and governance firm, in an £8m deal marking 14th acquisition since IPO in March 2020

12 May 2025