Companies

Image for local authorities step legal action over unpaid business rates

Tax | Local authorities step up legal action over unpaid business rates

Property consultancy Colliers note rise in legal actions against businesses struggling to pay rate bills, as over 183,000 businesses ask for a reassessment of their rates due to the pandemic

19 Nov 2020

Business | ComparetheMarket fined £17.9m over competition law breaches

Online price comparison website ComparetheMarket has been fined £17.9m after the regulator found that clauses used in its contracts with home insurers breached competition law and may have resulted in consumers paying higher premiums

19 Nov 2020

Image for charity warned over conflicts interest

Business | Charity warned over conflicts of interest

The Charity Commission has criticised a grant-giving charity over its failures to manage conflicts of interest and poor financial governance

19 Nov 2020

Charities

Image for hmrc starts eat out help out compliance checks

Business | HMRC starts ‘eat out to help out’ compliance checks

HMRC is writing to 4,000 businesses who took part in the government’s eat out to help out (EOTHO) scheme for half price meals in bars and restaurants, asking them to verify their claims

19 Nov 2020

Image for uk risks losing extradition powers after brexit

Business | UK risks losing extradition powers after Brexit

If the UK leaves the EU without a deal, it will no longer benefit from the European Arrest Warrant, making extraditions far more complex, warn Kathryn Howarth, Myles Grandison & Daniel Sternberg of Temple Garden Chambers

19 Nov 2020

Image for new ciot president tax avoidance schemes be stamped out

Business | New CIOT President: tax avoidance schemes to be ‘stamped out’

The new president of the Chartered Institute of Taxation (CIOT), Peter Rayney, will state that tax avoidance schemes are going to be ‘stamped out,’ in his inaugural speech

18 Nov 2020

Leadership & Management

Image for nao slams lack transparency covid procurement

Finance | NAO slams lack of transparency in Covid procurement

The National Audit Office (NAO) has hit out at a lack of transparency and adequate documentation in the way the government handled £18bn of procurement of goods and services to cope with the outbreak of Covid-19

18 Nov 2020

Finance | FRC highlights ‘basic’ cash flow errors in corporate reporting

The Financial Reporting Council (FRC) has criticised companies for failing to tackle ‘basic’ errors in cash flow statements and has published suggestions for improvement

18 Nov 2020

Business | Brexit set to hamper post-Covid economic recovery

Despite hopes a new Covid-19 vaccine could boost growth from early next year, the fall-out from the UK’s departure from the EU in January means the economy is not likely to recover to pre-pandemic levels for another two years, KPMG is warning

18 Nov 2020

Image for ticketmaster fined ps125m over customer data breach

Business | Ticketmaster fined £1.25m over customer data breach

Ticketmaster UK Ltd’s failure to keep customers’ personal data secure following a cyber-attack has resulted in a £1.25m fine from the Information Commissioner’s Office (ICO) for breaching the general data protection regulation (GDPR)

18 Nov 2020

AI & Technology

Finance | Accounting for Brexit part 4: Considerations for companies and directors

In the fourth and final article on the impact of Brexit on audit and accounting, David Duvall MA FCA, Susan Singleton LLB and Fawn Beddows examine some of the key changes that will affect businesses trading in the EU market from 1 January 2021

17 Nov 2020

Business | Charity founder banned over financial misuse

The Charity Commission has disqualified the founder of Kenya Community Support Network (KCSN) after finding he used the charity to provide significant financial benefits to him and his family

17 Nov 2020

Charities

Image for annual investment allowance ps1m cap extended year

Business | Annual Investment Allowance £1m cap extended for a year

The Treasury has confirmed that the annual investment allowance (AIA), designed to stimulate investment in UK manufacturing, is to be extended further for an additional year in a bid to counter the current downturn in activity

17 Nov 2020