The National Audit Office warns that HMRC estimates of the size of the wealthy individuals’ tax gap ‘does not capture full scale of non-compliance’ while one in four do not have an accountant
Simon Fawell, partner at Signature Litigation warns the need to prove intent is not to be taken lightly when making a claim under s423, despite Supreme Court ruling in El-Husseiny case over transferring properties prior to insolvency
The former owner of a Chinese restaurant in Portsmouth has been sentenced after withdrawing profits from a property sale then declaring bankruptcy to ‘conceal his affairs and defraud HMRC’
UK strikes defence and fishing deal with EU, signals urgency to finish negotiations to reduce red tape at borders for exporters, visa-based travel scheme for young people and access to eGates at EU airports
The Sunday Times Rich List shows little change at the top with only four people entering the top 300 for the first time while former prime minister’s wealth falls by £11m
Companies call for regulator to reduce accounting complexity and cut costs, while quality of guidance needs to improve, as FRC considers ‘substantial changes’ to filing requirements
MPs call on government to delay changes to agricultural property relief by a year to April 2027 to allow for proper consultation and a more coherent tax policy
British musicians heading to Germany to perform at the Dresden Music Festival must apply for all of the tax exemptions on offer or face harsh penalties
A former member of a finance team has been jailed for almost six years after spending her employer’s money on lavish trips to Dubai and shopping sprees in Harrods and Selfridges
In a shift from traditional on-site work experience, the AAT has gone virtual with launch of remote computer based programme for school pupils, removing traditional barriers
With majority of accountants working in pressurised, stressful jobs, Olivia McMillan, chief operating officer at iplicit, considers what can be done to minimise the risk this Mental Health Awareness Week
Independently owned accountancy firm Sedulo Group expands Birmingham operation with move to new regional base at Bruntwood SciTech’s Cornwall Buildings
Partnership law experts Clare Murray and Liz Pearson of CM Murray LLP examine fallout from Scott v Walker Morris LLP case for firms looking to force out partners without adequate evidence to justify the decision
The First Tier Tribunal concluded a taxpayer had a reasonable excuse to miss filing a tax return as she owed no tax and HMRC emails went straight to her junk
HMRC is to start a trial to determine whether to stop sending businesses corporation tax reminder letters where the information can be easily accessed through online accounts
Regulator calls on charities to improve trustee recruitment methods to open up opportunities to a more diverse candidate pool and improve governance standards
A company organising placements for marathon runners and virtual runs took HMRC to the tribunal after being ordered to repay over £330,000 in R&D relief, and won
Paul Baxendale-Walker has been ordered to stop promoting two tax avoidance schemes with immediate effect by HMRC or face penalties or even prosecution if he fails to comply
Accountancy sector grew near record 5.5% in March as the latest GDP figures were in positive territory for the third month running, as quarterly growth hit 0.7%