Business &amp; Accountancy Daily

Inheritance Tax

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Tax | Unused pensions could be taxed from 2027

The government has published draft legislation on imposing inheritance tax (IHT) onto unused pension pots that could come in from April 2027

22 Jul 2025

Inheritance Tax

Image for jaguar employee sentenced over ps32k tax fraud

Business | Jaguar employee sentenced over £32k tax fraud

A long-term employee from Jaguar Land Rover has been sentenced to eight months in prison after claiming almost £32,000 in tax relief that he was not entitled to

22 Jul 2025

Image for employers nics take ps5bn last year

Tax | Employers' NICs take up £5bn on last year

The increase in employers’ National Insurance contributions (NICs) is beginning to show as over the last three months businesses have paid almost £5bn more than last year

22 Jul 2025

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Business | 24% of SMEs unsure if employees would discuss mental health

Research from Peninsula Group shows the impact that mental health is having on small and medium-sized businesses around the world

22 Jul 2025

Companies

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Finance | Treasury to overhaul anti money laundering rules

The Treasury is going ahead with plans to update the anti money laundering rules to clarify due diligence requirements, remove euro currency values and enhance the trust register

22 Jul 2025

Tax | Tips on how to navigate Making Tax Digital

With only eight months until MTD for Income Tax for the affected £50k plus earners, awareness is low and the reporting is complex and burdensome due to quarterly reporting requirements. Stuart Miller, director of product compliance, Xero, explains the key issues to consider

21 Jul 2025

Making Tax Digital

Tax Compliance

Image for tomb raider composer jailed ps37k covid fraud

Business | Tomb Raider composer jailed for £37k Covid fraud

A video game music producer has been jailed for fraudulently applying for two Covid loans during the pandemic

21 Jul 2025

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Tax | HMRC plans 90% digital only contact within five years

All UK taxpayers will be able to access their taxes easier than before as HMRC plans to improve digital tax accounts to end reliance on phonelines

21 Jul 2025

Tax | HMRC helpline staff accused of making ‘basic errors’

The annual accounts of HMRC shares its vision to create a ‘high-performing organisation with a skill and engaged workforce’ as agents state helpline staff lack the expertise needed

21 Jul 2025

Image for barclays fined ps3m after missing one simple check

Finance | Barclays fined £3m after missing 'one simple check'

The high street bank has been fined by the Financial Conduct Authority (FCA) after failing to carry out enough due diligence before opening an account for a business banned from handling client money

21 Jul 2025

Finance

Corporate Governance

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Finance | FCA to crack down on buy now pay later loans

The Financial Conduct authority (FCA) wants to introduce protections for Buy Now Pay Later borrowers from 2026 as almost 11m people decided to use it in the last year

21 Jul 2025

Finance

Law and Regulation

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Tax | Minister tells accountants to do more to raise MTD awareness

The Treasury minister responsible for HMRC has urged those ‘knowledgeable’ about Making Tax Digital (MTD) to share what they know as it ‘is not something government can do’

18 Jul 2025

Finance | No accountancy, no culture

Francesca Lagerberg, CEO of Baker Tilly International, takes a leaf from the Medici family via The Rest is History, arguing that it is vital to remember the huge contribution of accountancy to the fabric of society and the importance of attracting the brightest and best people

18 Jul 2025

Leadership & Management

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HR | People in the news: Forvis Mazars, HaysMac, HW Fisher

In this week’s career moves, partner promotions and hires at Forvis Mazars, HaysMac, HW Fisher, Johnston Carmichael, PKF Smith Cooper, MGI Midgley Snelling, Blick Rothenberg, ATT, Redwood, IRIS, National Wealth Fund

18 Jul 2025

HR

Work

Careers

Leadership & Management

Image for sfo freezes ex broadcast directors ps11k crypto wallet

Business | SFO freezes ex broadcast director’s £11k crypto wallet

The Serious Fraud Office (SFO) has managed to secure its first crypto asset freeze on the former CEO of a collapsed broadcasting company who is under investigation

18 Jul 2025

Image for regulator fines pension trust ps100k email failures

Finance | Regulator fines pension trust £100k for email failures

The Pensions Regulator has fined the two companies running the NOW: Pensions Trust for failing to report significant events related to client email communications about auto enrolment

18 Jul 2025

Finance

Corporate Governance

Pensions

Image for aat and exeter launch accounting apprenticeship degree

Finance | AAT and Exeter launch accounting apprenticeship degree

A partnership between AAT and the University of Exeter sees the launch of a brand new accounting apprenticeship degree, giving exemptions to some CIMA and ACCA exams

18 Jul 2025

Business | Cooper Parry shifts direction with Liberty CF deal

Private equity backed Cooper Parry has acquired specialist corporate finance adviser, Liberty Corporate Finance, but will retain separate identity

18 Jul 2025

Accountancy Firms

Private Equity

Image for despicable paralegal jailed stealing ps115k

Business | ‘Despicable’ paralegal jailed for stealing £11.5k

A former paralegal has been jailed after abusing clients’ power of attorney by changing the names on cheques with an erasable pen to steal their money

18 Jul 2025