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Image for monthly payday tax bills 7m self assessment paye taxpayers

Tax | Monthly ‘payday’ tax bills for 7m self assessment PAYE taxpayers

In a radical move, HMRC plans to end twice-yearly tax bills for the seven million PAYE taxpayers inside self assessment, with monthly ‘payday’ payments

24 Jun 2026

Tax | Cash held in non-cash ISAs will be taxed at 22%

As expected, in a bid to stop abuse of stocks & shares ISAs, Treasury plans to tax cash funds held in stocks & shares ISAs despite denying this earlier after the usual multiple leaks

24 Jun 2026

Finance | FRC removes ‘unnecessary’ parts of auditor’s reports

The Financial Reporting Council (FRC) removes ‘unnecessary’ information with ‘little value’ from auditor’s reports with revisions to three auditing standards

24 Jun 2026

Finance

Financial Reporting

Auditing

Image for hmrc consults isa overhaul first time buyers

Tax | HMRC consults on ISA overhaul for first time buyers

Plans for new ISA aimed at first time buyers after 25% withdrawal charge from LISA punishes savers

24 Jun 2026

Business | CEO made junior staff create false invoices in £400k fraud

Scottish CEO ‘gave false information to junior members of staff’ to cover up £400,000 shopping spree paid for using party accounts

24 Jun 2026

Business

Called to Account

Image for tips employers when schools closed

HR | Tips for employers when schools closed

What happens if staff are unable to attend work as their children’s schools are closed due to the extreme hot weather?

24 Jun 2026

HR

Work

Leadership & Management

Careers

Image for hmrc chase low value tax debt more aggressively

Tax | HMRC to chase low value tax debt more aggressively

Direct recovery of debt powers to be extended to lower value tax debts worth up to £10,000, with direct access to bank accounts

24 Jun 2026

Tax | HMRC to use Peppol system for mandatory e-invoicing

Confirmation from HMRC it will use Peppol electronic procurement infrastructure for e-invoicing system due to become mandatory for all UK businesses in 2029

24 Jun 2026

Tax

HMRC

Technology

Image for gupta auditor fined ps326k egregious lack objectivity

Finance | Gupta auditor fined £326k for ‘egregious’ lack of objectivity

Regulator fines and bans audit firm King & King and owner partner for audit and ethics failures on work for multiple Gupta owned companies, including Liberty Steel

23 Jun 2026

Finance

Auditing

Corporate Governance

Image for qa dividend disclosures close company directors

Tax | Q&A: dividend disclosures for close company directors

In this week’s Q&A, Vivienne Cheung, adviser at Croner VIP Tax Team explains the changes to self assessment tax return disclosures in SA102 for dividends paid to close company directors

23 Jun 2026

Finance | Fragmented controls raise financial crime risk for firms

A more coordinated approach to governance, oversight and information sharing is vital to tackle financial crime. Joe Norburn, CEO at TCC Group, stresses the importance of governance, board responsibility and ending siloed data and functions

23 Jun 2026

Finance

Financial Reporting

Corporate Governance

Image for covid fraud squad given powers search properties

Business | Covid fraud squad given powers to search properties

Chancellor expands Covid enforcement team’s powers to search properties, seize assets, and recover money directly from bank accounts and pay checks

23 Jun 2026

Business

Companies

Called to Account

Image for tax gap rises ps592bn dominated small business non payers

Business | Tax gap rises to £59.2bn dominated by small business non-payers

Ever rising tax gap hits 6.4% as HMRC figures show total uncollected tax hit £59.2bn, the highest figure ever with a £4.3bn rise in a year with small business accounting yet again for biggest share of non-payment and mistakes

23 Jun 2026

Tax | HMRC rolls out MFA multi-factor authentication for tax advisers

HMRC warning on first sign-up deadline for accountants to move to mandatory multi-factor authentication (MFA) to improve security on agent services accounts

23 Jun 2026

Business | Croner Intelligence AI-powered assistant launches

Croner announces Croner Intelligence, our AI‑powered assistant built exclusively for tax professionals is now available

23 Jun 2026

Tax | Inheritance tax, pension pots and deprivation of assets

Pension tax changes could leave families facing huge care home bills if they do not undertake careful inheritance tax (IHT) planning with deprivation of assets a clear risk, warns Lisa Morgan, partner at Hugh James

22 Jun 2026

Business | ICAEW clarifies importance of legal supervision after Mazur case

ICAEW updates guidance on legal supervision requirements for accredited firms following ruling in Mazur v Charles Russell Speechlys LLP case

22 Jun 2026

Business

Accountancy Firms

Law & Guidance

Image for keir starmer resigns prime minister

Tax | Keir Starmer resigns as prime minister

In an emotional speech, Sir Keir Starmer announces resignation as Labour leader and prime minister kicking off leadership election

22 Jun 2026

Tax

Politics

Image for 73 firms turn away work short staff

Business | 73% of firms ‘turn away work’ as short of staff

Making Tax Digital and escalating compliance demands ‘amplify’ pressure on staff as accountancy firms begin turning away work due to shortage of qualified staff

22 Jun 2026

Business

Accountancy Firms

AI & Technology

Image for interim managers take over aid charity amid financial probe

Finance | Interim managers take over aid charity amid financial probe

After bank accounts frozen, Charity Commission appoints interim managers to Barnabas Fund, a Christian based aid charity beset by financial and governance issues

22 Jun 2026

Finance

Corporate Governance