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Image for legal updates llp default rules sale entire business

Finance | Legal updates: LLP default rules on sale of entire business

Sophie Brookes and Debbie Shaw examine the default rule in LLP disposal and importance of carefully drafted LLP agreements in Ross, shareholder disputes in Magic Investments, ID verification at Companies House, and NSIA call-in powers in FTDI Holdings

25 Sep 2025

Business | More than 60% of businesses have no insurance against cyberattacks

Despite huge losses and multiplying threats, cyber insurance uptake remains low with nearly two thirds of businesses failing to cover themselves

25 Sep 2025

Business

Companies

Image for jewellers dentists and payroll agents owe ps203m tax and penalties

Tax | Jewellers, dentists and payroll agents owe £203m in tax and penalties

A Blackburn jeweller is one of this month’s top deliberate tax defaulters, owing HMRC nearly £8m in corporation tax and VAT, while former Hive 360 payroll agents face a £167m unpaid bill

25 Sep 2025

Tax

HMRC

Tax Compliance

Image for frc publishes latest amendments isa uk auditing standards

Finance | FRC publishes latest amendments to ISA UK auditing standards

The Financial Reporting Council (FRC) has updated the suite of ISAs (UK) to reflect recent amendments to four auditing standards

25 Sep 2025

Business | Former Co-Op Bank chairman ordered to pay back £184k to victims

Paul Flowers, former chair of the Co-Operative Bank, faces two more years in jail if he does not pay a confiscation order for over £180,000

25 Sep 2025

Business

Called to Account

Image for salisburys accountants acquires ig jones

Business | Salisbury’s accountants acquires IG Jones

Independently owned Salisbury’s Chartered Accountants has acquired local practice IG Jones & Co in Llangefni, expanding presence in Wales

25 Sep 2025

Business

Accountancy Firms

Image for hmrc reinstates direct recovery debt bank accounts

Tax | HMRC reinstates direct recovery of debt from bank accounts

Following a four-year hiatus, HMRC plans to start collecting tax debts directly from bank accounts again under rarely used direct recovery of debts (DRD) rules

24 Sep 2025

Tax | Company directors will soon face more tax return complexity

RSM partner Jackie Hall and associate director Matthew Todd explain potential pitfalls for directors when it comes to the next self assessment season in 2025-26 with new reporting requirements on dividends and shareholdings

24 Sep 2025

Tax

Personal Tax

Tax Compliance

Image for ps68m public sector pension fraud squashed ai tool

Business | £68m public sector pension fraud squashed with AI tool

A concerted campaign to recover millions of pounds in benefit and covid fraud recovered £480m by leveraging artificial intelligence (AI)

24 Sep 2025

Business

Called to Account

Image for five accountancy firms called out promoting tax avoidance

Business | Five accountancy firms called out for promoting tax avoidance

HMRC has named five accountancy firms after they took fees for introducing clients to a tax avoidance scheme involving use of prepaid cards for advertising services, resulting in disguised remuneration

24 Sep 2025

HR | Crackdown on Civil Service network events during work hours

Civil Service staff networks will only be allowed to meet outside working hours and all events must be signed off by senior managers after ‘inappropriate’ events

24 Sep 2025

HR

Work

Careers

Image for isle skye hotelier banned over ps400k unpaid vat bill

Business | Isle of Skye hotelier banned over £400k unpaid VAT bill

The former boss of a hotel on the Isle of Skye has been banned as a director after his company went bust owing more than £400,000 to HMRC, the third time one of his businesses had failed with significant tax debts

24 Sep 2025

Business

Called to Account

Image for cricketer collingwood caught out ps196k tax dispute

Tax | Cricketer Collingwood caught out in £196k tax dispute

Former England cricketer loses appeal over a tax bill related to payments for historic sponsorship contracts through personal services company

23 Sep 2025

Tax

Personal Tax

Case Reports

Image for qa 60 day capital gains tax reporting

Tax | Q&A: 60-day capital gains tax reporting

In this week’s Q&A, Celendrika Marcos, advisor at VIP Tax Team, explains the 60-day CGT reporting rules on capital gains

23 Sep 2025

Tax

Property Tax

Tax Compliance

Image for six year requirement correct nic internationally mobile employees

Tax | Six-year requirement to correct NIC for internationally mobile employees

HMRC updates guidance on National Insurance contributions (NICs) payments for internationally mobile employee introducing a six-year retrospective element to correct any wrong returns

23 Sep 2025

Business | PwC ranked top accountancy firm for graduates

Big Four firm PwC is the most popular graduate employer in the accountancy sector, reveals The Times Top 100 Graduate Employers, as seven largest accountancy firms all feature, as well as HMRC for the first time

23 Sep 2025

Tax | Majority plan to use AI for tax returns ignoring risk

Despite warnings from accountants, three out of four people say they plan to use AI tools to assist with completion of their next self assessment

23 Sep 2025

Tax

Personal Tax

Image for hike income tax 2p and cut ni raise ps6bn

Tax | Hike income tax by 2p and cut NI to raise £6bn

An influential think tank is calling for an increase in income tax offset by 2p NICs cut and a new version of employer national insurance on LLPs

23 Sep 2025

Tax

Budget

Politics

Image for uk india trade deal dual recognition accountancy qualifications

Business | UK-India trade deal: dual recognition of accountancy qualifications

Accountants from both countries stand to benefit from enhanced mobility and mutual recognition of qualifications after approval by professional bodies once the details of the UK-India Free Trade Agreement are ironed out, say partners at MGI Worldwide

23 Sep 2025

Business

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Latest news

Finance | Legal updates: LLP default rules on sale of entire business

Business | More than 60% of businesses have no insurance against cyberattacks

Tax | Jewellers, dentists and payroll agents owe £203m in tax and penalties

Finance | FRC publishes latest amendments to ISA UK auditing standards

Business | Former Co-Op Bank chairman ordered to pay back £184k to victims

Business | Salisbury’s accountants acquires IG Jones

Tax | HMRC reinstates direct recovery of debt from bank accounts

Tax | Company directors will soon face more tax return complexity

Business | £68m public sector pension fraud squashed with AI tool

Business | Five accountancy firms called out for promoting tax avoidance

HR | Crackdown on Civil Service network events during work hours

Business | Isle of Skye hotelier banned over £400k unpaid VAT bill

Tax | Cricketer Collingwood caught out in £196k tax dispute

Tax | Q&A: 60-day capital gains tax reporting

Tax | Six-year requirement to correct NIC for internationally mobile employees

Business | PwC ranked top accountancy firm for graduates

Tax | Majority plan to use AI for tax returns ignoring risk

Tax | Hike income tax by 2p and cut NI to raise £6bn

Business | UK-India trade deal: dual recognition of accountancy qualifications