Business & Accountancy Daily | Business & Accountancy Daily

Latest news

Image for qde hires boutique firm ps53k audit after crowe quits

Finance | QDE hires boutique firm for £53k audit after Crowe quits

After ‘entirely unexpected’ resignation of auditor in April days before year end results were due, Quantum Data Energy plc goes niche with replacement audit firm

4 Jun 2026

Finance

Auditing

Corporate Governance

Image for barristers bookkeeper describes fastidious and pedantic boss ps2m tax trial

Tax | Barrister’s bookkeeper describes ‘fastidious’ and ‘pedantic’ boss in £2m tax trial

Top tax barrister’s long-term bookkeeper testifies under oath in £2m trial stating she did ‘the donkey work’, describing him as ‘fastidious’, but ‘fair and honest’

4 Jun 2026

Tax

Case Reports

Image for hmrc finalises ps500m contract phone and contact centre system

Tax | HMRC finalises £500m contract for phone and contact centre system

Major overhaul of outdated, legacy telephone and customer service centre at HMRC goes ahead as contract with Capgemini finalised for multimillion pound technology stack

4 Jun 2026

Finance | Charity guidance for trustees on grant-making as sector squeezed

Charity Commission issues totally refreshed guidance to help charity trustees improve the way they make grant-making decisions and improve due diligence checks

4 Jun 2026

Finance

Financial Reporting

Charities

Image for lex greensill banned nine years after ps16bn company collapse

Business | Lex Greensill banned for nine years after £1.6bn company collapse

Australian financier boss of Greensill Group given nine-year director ban after Insolvency Service investigation into collapse of trio of businesses with £1.6bn in debts

4 Jun 2026

Business

Called to Account

Image for tax barristers gardener and lifelong friend testify ps2m tax trial

Tax | Tax barrister’s gardener and ‘lifelong friend’ testify in £2m tax trial

First witnesses testify under oath in £2m tax trial involving top barrister including gardener paid through ‘odd’ and ‘weird’ system

3 Jun 2026

Tax

Case Reports

Image for official hmrc manual tax adviser registration clarifies rules

Tax | Official HMRC manual on tax adviser registration clarifies rules

HMRC issues first official manual MTAR10000 on mandatory tax adviser registration, offering more clarity, but still a fortnight since sign-ups started, and still confusing to understand

3 Jun 2026

Tax

HMRC

Tax Compliance

Image for all law firms will have produce accountants reports

Finance | All law firms will have to produce accountants’ reports

Solicitors Regulation Authority tightens rules on filing accountants’ reports after collapse of PM Law and Axiom Ince law firms led to loss of millions of pounds in client money

3 Jun 2026

Tax | Q&A: VAT reclaim on work gym membership

In this week’s Q&A, Abdul Hussain, adviser at Croner VIP Tax Team, considers the VAT position if an employer provides gym membership as part of salary sacrifice or as a benefit in kind

3 Jun 2026

Business | Grant Thornton rolls out Anthropic Claude to all partners and staff

Over 3,000 staff and partners at private equity backed Grant Thornton to be given access to Anthropic’s Claude AI tools this summer

3 Jun 2026

HR | Changes to rules on employing children and young people

Here are some tips and advice for employers to consider when hiring youngsters this summer from working hours to pay and holiday entitlement

3 Jun 2026

HR

Work

Leadership & Management

Careers

Image for ir35 risks joint and several liability recruitment agencies

Tax | IR35 risks: joint and several liability for recruitment agencies

Gemma Stack, employment tax principal at Ryan, explains how new PAYE clampdown on umbrella companies means recruiters and employers in the supply chain can be held jointly liable for unpaid tax and national insurance by HMRC

2 Jun 2026

Finance | ISA changes to improve ethical use of external experts in audits

The Financial Reporting Council (FRC) sets out minor amendments to ISA (UK) 620 and ISAE (UK) 3000 focused on external expert’s competence and independence

2 Jun 2026

Finance

Auditing

Audit Consultations

Image for treasury refutes nonsense 22 tax stocks shares isas claim

Tax | Treasury refutes ‘nonsense’ 22% tax on stocks & shares ISAs claim

As investors warn over ‘distorting sensible investment decisions for the majority’, Treasury denies plans for 22% tax on stocks & shares interest

2 Jun 2026

Tax

Personal Tax

Image for bank ireland hires deloitte ps77m audit

Finance | Bank of Ireland hires Deloitte for £7.7m audit

London listed Bank of Ireland Group swaps auditor in latest Big Four switch confirming Deloitte will take over in 2028 now tender outcome decided

2 Jun 2026

Finance

Auditing

Corporate Governance

Image for government consults end zero hour contracts

HR | Government consults on end of zero hour contracts

Proposal for eight to 20-hour threshold, penalties for late cancellation of shifts and agency workers in scope as government sets out detailed plans to end zero hours contracts in clampdown on ‘one-sided flexibility’

2 Jun 2026

HR

Work

Leadership & Management

Careers

Image for who can we tax pay benefits minister messages mandelson

Tax | ‘Who can we tax to pay benefits’, minister messages Mandelson

Second batch of Mandelson files reveal WhatsApp messages warning against ‘creating shadow Treasury’ and minister complains about too many meetings with backbenchers about raising taxes to pay for more benefits

2 Jun 2026

Tax

Politics

Image for cpd module introduction non audit assurance services 0

Finance | CPD module: introduction to non-audit assurance services

This month’s exclusive CPD module provides an introduction to non-audit assurance services by Steve Collings FCCA, and is free for our registered readers

2 Jun 2026

Tax | 69 days of summer VAT complexity with 5% rate

Greg McNally, managing partner at VITA, examines the complexities of implementing the reduced 5% summer VAT rate on kid’s meals and attractions at short notice with tips and advice on what businesses need to do

1 Jun 2026

Tax

VAT

Tax Compliance

Image for salary sacrifice cap will see 28m employees cut pension saving

Tax | Salary sacrifice cap will see 2.8m employees cut pension saving

Nearly three million pension savers in work set to reduce amount of money they pay into pensions show latest figures from HMRC in first indication of the sweeping impact of the change to tax relief

1 Jun 2026

Tax | HMRC fuel advisory rates hiked from 1 June 2026

Advisory fuel rates for company car users for petrol and diesel vehicles rise by up to 28% as fallout from war in the Middle East continues to reverberate across forecourts

1 Jun 2026

Business | £2.5m HMRC bill for rescued Leon restaurants

Fast food chain Leon saved from collapse with CVA deal after ‘unanimous support from creditors’ including HMRC despite £2.5m outstanding tax claim

1 Jun 2026

Business

Companies

Restructuring & Insolvency

Tax

VAT

HMRC

Image for scunthorpe director jailed ps9m ponzi forex fraud

Business | Scunthorpe director jailed in £9m Ponzi forex fraud

Lincolnshire director ‘driven by personal greed’ bought a McLaren car with money defrauded from 600 investors in foreign exchange investment scheme, creating ‘false illusion of financial success’

1 Jun 2026

Business

Called to Account