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Image for wh smith delays results after ps30m accounting error

Finance | WH Smith delays results after £30m accounting error

Following £30m overstatement of revenue recognition figure spotted in August, WH Smith needs more time for PwC to complete audit work, delaying release of preliminary results

29 Oct 2025

Business | Care home trio forged £175k will to scam elderly resident

Three care home bosses found guilty of fraud after creating fake will to steal 85-year-old resident’s life savings

29 Oct 2025

Business

Called to Account

Image for mansion tax ps2m plus house threat

Tax | Mansion tax for £2m plus house threat

Owners of properties valued at over £2m could face an annual tax charge if chancellor goes ahead with rumoured plans of a mansion tax

29 Oct 2025

Tax

Property Tax

Politics

HR | Stronger dismissal protection for women on maternity leave

As the Employment Rights Bill ping pongs between the House of Lords and Commons, the government consults on four definite rule changes

29 Oct 2025

HR

Work

Careers

Image for ps30k compensation post office capture accounting users

Finance | £30k compensation for Post Office Capture accounting users

Postmasters will be able to claim compensation if they used faulty Capture accounting software, the precursor to blighted Horizon IT system, under new redress scheme

29 Oct 2025

Finance

Financial Reporting

Corporate Governance

Image for ferrero wins vat dispute over nutella biscuits

Tax | Ferrero wins VAT dispute over Nutella Biscuits

Maker of Nutella biscuits wins appeal as tribunal rules sweet treat was not partly covered in chocolate so qualifies for excepted item status for VAT purposes

28 Oct 2025

Tax

VAT

Case Reports

Image for ey partner pay increases ps787k

Business | EY partner pay increases to £787k

EY reports fee income of £3.78bn as partner pay rises despite ‘challenging market’ and audit and tax revenue both up, balancing out losses in consultancy division

28 Oct 2025

Business

Accountancy Firms

Image for landlords face tougher rules renters

Tax | Landlords face tougher rules on renters

Tenants get new protections under Renters’ Rights Act with abolition of section 21 ‘no fault’ evictions and replacement of fixed term tenancies with periodic terms, with renters able to stay in a home until they decide to end the tenancy

28 Oct 2025

Tax

Property Tax

Politics

Image for not enough staff hmrc deal valuations lords warned

Tax | ‘Not enough staff at HMRC to deal with valuations’, Lords warned

Reforms to business property relief (BPR) will lead to surge in rapid valuations as estates race to beat the inheritance tax deadline, a move described as ‘highly unrealistic’

28 Oct 2025

Tax

Inheritance Tax

Image for bankrupt woking council given ps500m debt relief

Finance | Bankrupt Woking Council given £500m debt relief

After years of financial mismanagement and debts of nearly £2bn, the government has given Woking Council nearly half a billion pounds in debt relief to try to restore financial stability

28 Oct 2025

Finance

Corporate Governance

Public Sector

Image for malicious students jailed ps140k train ticket fraud

Business | ‘Malicious’ students jailed in £140k train ticket fraud

Two Chinese students studying in Leeds ‘relentlessly abused’ a train delay compensation scheme to steal £140,000 to fund lavish lifestyle

28 Oct 2025

Business

Called to Account

Image for supreme court only brings temporary vat clarity taxi firms

Tax | Supreme Court only brings temporary VAT clarity for taxi firms

The decision in the Uber case could trigger VAT shake-up even after private hire operators won with concerns about new ‘taxi tax’ for the platform and gig economy, says Layla Barke-Jones, dispute resolution partner at Aaron & Partners

28 Oct 2025

Tax

VAT

Case Reports

Image for qa tax liability when converting loans shares

Tax | Q&A: tax liability when converting loans to shares

In this week’s Q&A, David Woolley ATT, tax adviser at Croner-i VIP Tax Team, explains the tax considerations for funding bonds when converting a loan to a company into shares under s322(4) debt to equity rules

28 Oct 2025

Business | NHS credit controller convicted in £218k fraud

A credit controller at leading London hospital used his access to confidential financial data to steal over £218,000 from the NHS Trust in a ‘sophisticated’ fraud involving several colleagues

27 Oct 2025

Business

Called to Account

Image for partnership nics will deal damaging blow accountants

Business | Partnership NICs will deal damaging blow to accountants

The LLP model for accountancy firms is under threat from latest talk of a wholly new concept of Partnership NICs, and brings more than just higher tax bills, warns Ivor Gwilliams, legal director at Fox & Partners

27 Oct 2025

Business | Inheritance tax risk for family owned businesses

Karen Chadwick, private client tax partner at Hurst, warns family business owners to take urgent action before imminent overhaul of business property relief craters inheritance tax (IHT) advantages and threatens the future of generational family businesses

27 Oct 2025

HR | Day one right to unfair dismissal is ‘messy compromise’

Plan to give workers day one rights to claim unfair dismissal with no qualifying period unexpectedly criticised by left leaning think tank

27 Oct 2025

HR

Work

Careers

Leadership & Management

Image for half ps2bn patent box tax break goes 10 companies

Tax | Half of £2bn Patent Box tax break goes to 10 companies

Pharma giant GSK is one of the major beneficiaries of the generous Patent Box tax break, receiving tax relief of £486m in one year alone

27 Oct 2025

Business | AAT names Lucy Cohen as youngest ever president

Leadership changes at the Association of Accounting Technicians (AAT) as Lucy Cohen, co-founder of accountancy firm Mazuma, appointed president, making her the youngest ever to hold this role, and Craig Dyer becomes vice president

27 Oct 2025

Leadership & Management

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Tax Services

Latest news

Finance | WH Smith delays results after £30m accounting error

Business | Care home trio forged £175k will to scam elderly resident

Tax | Mansion tax for £2m plus house threat

HR | Stronger dismissal protection for women on maternity leave

Finance | £30k compensation for Post Office Capture accounting users

Tax | Ferrero wins VAT dispute over Nutella Biscuits

Business | EY partner pay increases to £787k

Tax | Landlords face tougher rules on renters

Tax | ‘Not enough staff at HMRC to deal with valuations’, Lords warned

Finance | Bankrupt Woking Council given £500m debt relief

Business | ‘Malicious’ students jailed in £140k train ticket fraud

Tax | Supreme Court only brings temporary VAT clarity for taxi firms

Tax | Q&A: tax liability when converting loans to shares

Business | NHS credit controller convicted in £218k fraud

Business | Partnership NICs will deal damaging blow to accountants

Business | Inheritance tax risk for family owned businesses

HR | Day one right to unfair dismissal is ‘messy compromise’

Tax | Half of £2bn Patent Box tax break goes to 10 companies

Business | AAT names Lucy Cohen as youngest ever president