Business & Accountancy Daily | Business & Accountancy Daily

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Image for loan charge repeal would not be fair outcome says mccann

Tax | Loan charge repeal would not be a fair outcome, says McCann

Chair of the 2025 loan charge review, Ray McCann looks back on his time in the hot seat of this contentious review, the settlement terms, the level of online abuse and why this must never be allowed to happen again

18 Mar 2026

Tax

Personal Tax

HMRC

Image for will businesses be using stablecoins 2027

Business | Will businesses be using stablecoins by 2027?

Tax and accounting barriers to using stablecoin for business payments and treasury management are a hurdle to early adoption, explains Ben Lee, partner in the crypto tax and accounting team at Andersen LLP

18 Mar 2026

Tax | High Court told ‘no good reason’ for wider consultation on farm tax

Judicial review at High Court sees Treasury barrister argue extensive inheritance tax (IHT) consultation ‘would have a significant effect on public finances’

18 Mar 2026

Business | Failed mortgage lender collapses with estimated £1.3bn debt

BTG Begbies Traynor and FRP Advisory appointed joint administrators to multiple companies linked to collapsed property and mortgage lender, MFS Group, which has been slapped with a worldwide freezing order

18 Mar 2026

Business

Restructuring & Insolvency

Image for surrey director banned excessive phoenixism ps120k tax bill

| Surrey director banned for excessive phoenixism with £120k tax bill

‘It’s not a loophole, it’s not acceptable behaviour’, Insolvency Service issues warning to Surrey director banned for second time in 10 years

18 Mar 2026

Business

Image for frc calls better use comply or explain not suspicious

Finance | FRC calls for better use of comply or explain as not ‘suspicious’

Accounting regulator says companies need to focus on explanation clarity and investors should not view comply or explain approach as a ‘red flag’

18 Mar 2026

Tax | Potential tax consequences of cap on ISA allowances

Sweeping overhaul of ISA allowances leaves great uncertainty about HMRC’s proposed anti avoidance measures and the sense it may be a return to pre-2014 rules. Chris Etherington, private client tax partner, and Becky Thompson, tax associate at RSM UK assess the tax implications

17 Mar 2026

Finance | Surrey charity probed over £900k family loan

Charity Commission opens investigation into the Allen Trust over loan to trustee’s son along with ‘other serious financial concerns’

17 Mar 2026

Finance

Charities

Image for hmrc targets 4m side hustlers online platforms share data

Tax | HMRC targets 4m side hustlers as online platforms share data

Millions of side hustlers warned as HMRC receives huge tranche of £55bn worth of sales data from online platforms including eBay, Airbnb and finfluencer sites

17 Mar 2026

Tax | Q&A: inheritance tax and property rights

In this week’s Q&A, Andy Gilderdale, advisor at Croner VIP Tax Team, considers inheritance tax implications of residence nil rate band (RNRB) where non-resident UK couple living in Spain plan to leave property in trust to daughter

17 Mar 2026

Business | Car park giant NCP stalls with 700 jobs at risk

Major car park operator NCP appoints administrators after making £26m loss with future of 340 sites and nearly 700 jobs up in the air

17 Mar 2026

Business

Companies

Restructuring & Insolvency

Image for smes spend ps7k year dealing rules and regulations

Business | SMEs spend £7k a year dealing with rules and regulations

Rising burden of compliance and multiple regulators means SMEs face annual £36bn bill with 67 hours a year spent dealing with bureaucracy

17 Mar 2026

Business | Companies House IT security breach started last October

After sudden closure of accounts WebFiling service, Companies House admits security issue started five months ago when IT updated for Gov.uk One Login system to replace Government Gateway

16 Mar 2026

Business | Businesses given £3k grant to hire young people

To combat rising youth unemployment, government to give employers £3,000 grants to encourage job creation for youngsters, part of a £1bn package

16 Mar 2026

Business | PM Law firm collapsed owing £279k tax bill

With £9m of funding already paid out to cover lost client money, liquidators for PM Law reveal a £279,000 tax bill and £2.9m owed to Virgin Bank

16 Mar 2026

Tax | £50m to help low income families with heating oil price hikes

Chancellor gives £50m to local councils to support low income households deal with soaring heating oil costs, which have seen prices more than double in a few weeks, due to the war in the Middle East

16 Mar 2026

Tax

Politics

Image for tax adviser register delayed financial services businesses

Business | Tax adviser register delayed for financial services businesses

Mandatory requirement for financial services businesses including private capital investment managers to register as a tax adviser delayed for 10 months

16 Mar 2026

Business | Companies House suspends filing service after IT security breach

Major IT security breach at Companies House allowed anyone to edit personal data of businesses, including director emails and home addresses

16 Mar 2026

Tax | HMRC eyes up single XBRL format for company tax returns

Modernisation of corporate tax filing will see move to prescribed XBRL tagging framework from autumn 2027 to improve corporation tax computations, HMRC confirms

16 Mar 2026