Business | Push to improve listed company board evaluations

A review commissioned by the Department of Business, Energy and Industrial Strategy (BEIS) has recommended improvements to the way in which independent board evaluations are carried out in the UK listed sector

20 Jan 2021

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Leadership & Management

Tax | MPs slam HMRC’s out of date tech

MPs have criticised HMRC’s response to the Covid-19 crisis, claiming some groups of taxpayers have been unfairly excluded from support packages, while the department’s strategy for property and IT systems has been shown to be wanting

20 Jan 2021

Tax

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Business | Fraud losses fall to £724m

The value and volume of fraud cases heard in UK courts fell steeply last year, despite lockdown fraudsters taking advantage of consumer uncertainty during the pandemic, according to research by KPMG

20 Jan 2021

Business

Companies

Tax | Call for HMRC to extend self assessment deadline

ACCA has added its voice to calls for HMRC to extend the deadline for self-assessment tax returns on January 31, with the professional body warning that failure to do so could land millions of hard-hit entrepreneurs with fines totalling £250m

19 Jan 2021

Tax

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Business | SME payment terms slashed to 30 days

Under reforms to the Prompt Payment Code (PPC), the required payment period for larger suppliers to small businesses is to be halved to 30 days, with commitments to be made personally by CEOs or finance directors

19 Jan 2021

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Business | British Virgin Islands governance inquiry launched

A British High Court judge is to lead an investigation into ‘consistent and deeply troubling’ concerns about corruption in the British Virgin Islands (BVI), including claims of misuse of government funds

19 Jan 2021

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Tax | Q&A: freight transport changes

In our regular Q&A series, Croner Taxwise, VAT adviser, Arti Sonpal, explores changes to the VAT liability of supplies following the end of the Brexit transition period

19 Jan 2021

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Business | Charity Commission to update ‘responsible investment’ advice

The Charity Commission is to consult on revised guidance on responsible investments, in a bid to provide greater clarity for trustees

18 Jan 2021

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Business | Legal win for SMEs on Covid-19 insurance pay-outs

Tens of thousands of small businesses forced to close during the first lockdown are in line for insurance pay-outs, after the Financial Conduct Authority (FCA) won a test case set to cost insurers over £1bn in claims

18 Jan 2021

Business

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Restructuring & Insolvency

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Business | Begbies Traynor books biggest acquisition with CVR

Begbies Traynor is to pay some £20m for independent firm CVR in its largest insolvency acquisition to date, which will see the group add its first overseas offices

18 Jan 2021

Business

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Restructuring & Insolvency

Business | People in the news: MHA Larking Gowen, Moore Thompson, Smith Cooper

In this week’s accountancy career moves, partner appointments at MHA Larking Gowen, 12 promotions at Smith Cooper, and chairman named at Sionic

15 Jan 2021

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Business | IRIS acquisition expands cloud offering

IRIS Software Group has acquired Senta, the cloud-based practice management software for accountants and bookkeepers, in a move designed to support moves to Making Tax Digital reporting

15 Jan 2021

Business

Companies

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Business | Big Four Alumni Survey: Big Four influencers at FTSE 100

The power and influence of the Big Four accountancy firms is clear to see at the higher echelons of the FTSE 100. Philip Smith analyses the alumni currently holding top jobs across the UK’s largest companies

15 Jan 2021

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Business | Consultation on insolvency changes for electronic payment institutions extended

The Treasury has extended by a week the consultation period on proposed insolvency changes for payment institutions (PIs) and electronic money institutions (EMIs), which include establishing a new special administration regime (SAR)

15 Jan 2021

Business

Companies

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Restructuring & Insolvency

Business | UK exec guilty of bribery at FTSE 250 engineer

A bribery scandal surrounding FTSE 250 energy infrastructure specialist Petrofac has deepened, with a former senior executive pleading guilty to additional charges relating to corrupt payments made in connection with multibillion pound contracts in the Middle East

15 Jan 2021

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