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Image for glasgow director faces ps14m tax penalty id hijack claim rejected

Tax | Glasgow director faces £1.4m tax penalty as ID hijack claim rejected

Tribunal rejects appeal by director against £1.4m penalty in missing trader VAT case despite claims company’s details were ‘hijacked’

20 Aug 2026

Tax

VAT

Case Reports

Image for ai guardrails how your data protected

Business | AI guardrails: how is your data protected?

Julien Gruhier, head of AI considers the key issues of privacy and security, and how client data is protected when you upload a document in Croner Intelligence

20 Aug 2026

Business

AI & Technology

Croner Intelligence

Image for sheffield united owners hit winding order over ps35m debt

Business | Sheffield United owners hit with winding-up order over £35m debt

Company behind Sheffield United’s ownership hit with winding-up order by High Court over £35m debt

20 Aug 2026

Business

Companies

Restructuring & Insolvency

Image for accountancy bodies slate hmrc plan reckless statements offence

Tax | Accountancy bodies slate HMRC plan for ‘reckless statements’ offence

Major accountancy institutes criticise HMRC power grab, saying ‘criminal sanctions should not be used to resolve technical disputes over legislation’

20 Aug 2026

Tax

HMRC

Consultations

Image for materiality about disclosing what matters annual reports

Finance | Materiality is about disclosing what matters in annual reports

Regulator calls for improvements to disclosure of materiality in annual reports, stressing quality is defined by clarity and focus, not box ticking and volumes of verbiage

20 Aug 2026

Tax | 79% of builders and tradespeople not ready for MTD

Wickes rolls out free Xero software to members as low awareness about MTD among tradespeople flagged with only one in five ‘fully prepared’ for quarterly reporting

20 Aug 2026

Business | Hike in business costs ‘structural, not a blip’ warns BCC

Mid sized SMEs pay an average £827,000 more in tax, compliance costs and pension contributions than a decade ago as a result of government policies

20 Aug 2026

Finance | BlueCrest ruling is a health check for LLPs, not a warning sign

The BlueCrest judgment is a timely reminder for accountancy firms on profit sharing, influence and LLP governance, highlighting the importance of partnership agreements, says Zulon Begum, partner at CM Murray LLP

19 Aug 2026

Finance

Corporate Governance

Image for trust becoming most valuable feature ai

Business | Trust is becoming the most valuable feature in AI

Julien Gruhier, director of AI, assesses the benchmarking of Croner Intelligence against standard AI tools, highlighting the importance of trust and accuracy versus the amount of irrelevant information in generic AI responses

19 Aug 2026

Business

AI & Technology

Croner Intelligence

Image for accounting long term contracts under frs 102 section 23

Finance | Accounting for long-term contracts under FRS 102 Section 23

A significant overhaul of FRS 102 for upcoming accounting periods will affect reporting of long-term contracts under Section 23 resulting in very different revenue amounts being recognised. Steve Collings FCCA, partner at Leavitt Walmsley Associates, explains

19 Aug 2026

Tax | Salary sacrifice pension changes will cost businesses £2.9bn extra tax

Plans to carve out pensions from salary sacrifice with annual cap will increase tax bills by £2.9bn for employers while employees set to lose £800m a year

19 Aug 2026

Business | M&Co paid £2.6m tax bill before retailer dissolved

High street clothing chain M&Co owed creditors £34m after collapse with liquidators confirming multimillion pound tax debt repaid

19 Aug 2026

Business

Companies

Restructuring & Insolvency

Image for changes funding rules apprenticeships

HR | Changes to funding rules for apprenticeships

Stacie Cheadle, technical writer at Croner, looks at what employers need to know about hiring apprentices, employee status and funding changes effective from 1 August

19 Aug 2026

HR

Work

Leadership & Management

Careers

Training & CPD

Image for game over bookkeeper after stole ps800k family business

Business | Game over for bookkeeper after stole £800k from family business

Stechford bookkeeper ‘committed large-scale fraud’ against his own family’s business, spending over £800,000 the money on designer clothes and video game streamers

19 Aug 2026

Business

Accountancy Firms

Called to Account

Image for ey and kpmg extend ps456m civil service training contracts

Business | EY and KPMG extend £456m civil service training contracts

Government renews Big Four contracts worth £456m to provide major training in leadership, management and AI skills for half a million civil servants

18 Aug 2026

Business

Accountancy Firms

AI & Technology

Image for qa cgt property sale and costs paid others

Tax | Q&A: CGT on property sale and costs paid by others

In this week’s Q&A, RL, tax adviser at Croner VIP Tax Team, explains whether capital gains tax (CGT) relief is available at sale when a family member lives rent free and pays for an extension

18 Aug 2026

Finance | ISSB to open Geneva office to support sustainability standards

IFRS Foundation approves use of reserves by IASB to address financial problems while opens Swiss office for ISSB to emphasise global importance of new sustainability standards

18 Aug 2026

Business | 57% increase in accounting degree apprenticeships

Despite cuts to Level 7 funding, top 100 universities report significant growth in demand and provision of accounting and finance degree apprenticeships

18 Aug 2026