Following consultation, EY has confirmed that it will stop providing audit and accounting services from its Inverness office, with 27 out of the 35 employees losing their jobs
Starting this week, the Treasury’s Office of Financial Sanctions Implementation (OFSI) has new powers to impose penalties for serious financial sanctions breaches of up to £1m or 50% of the breach, whichever is higher
HMRC has raised an additional £3.3bn in the last year through inquiries into the under-payment of VAT by SMEs, according to analysis by tax investigation insurance expert PfP
Around 1.7 million workers aged 25 years and over are in line for a potential 4.2% pay rise this week as their hourly national living wage (NLW) rate will rise by up to 30p to £7.50
Google’s tax payments in the UK remain controversial a year after it agreed a £130m payment of back taxes to HMRC, with the discovery that the tech giant is now in line for a potential refund on its corporation tax bill
UK CFOs are the most optimistic they have been in 18 months as the shock of Brexit starts to ease, but their appetite for risk remains subdued compared to before the referendum vote, according to research from Deloitte
In the latest career development updates, employee loans and repayment deals, ICAEW rebrands image, Bill Michael elected as KPMG chair, Grant Thornton partners with Cranfield for MBA
In this month's employment law updates, employment loans and repayment agreements, five week holiday dispute, a case of victimisation regarding pot plants
The UK could face a potential bill of between €25.4bn (£21.7bn) and €65.1bn (£55.8bn) to settle its financial commitments once it leaves the EU, according to calculations from Bruegel, a Brussels-based economic think tank
Just a week before it is due to come into operation, the new apprenticeship levy has been branded ‘a blunt instrument’ by a parliamentary select committee, which says the government's flagship policies around apprenticeships lack focus and are not targeting the right sectors in order to fill widening skills gaps
Companies with UK operations should consider the income tax accounting effects of Brexit notification, say Jennifer Spang, partner, and Kassie Bauman, director in the national professional services group at PwC US
The Treasury committee is calling for urgent scrutiny of the ‘business critical’ Customs Declaration Service (CDS) being developed by HMRC to handle an anticipated five-fold increase in activity levels once the UK leaves the EU, which it says is at serious risk of not being ready on time
Companies risk being exposed to bad publicity and reputational damage if they fail to avoid a hidden pitfall in new legislation on staff pay that comes into force from 6 April, warns Jodie Hill, a commercial and employment law specialist at Milners
In the next steps tpwards the UK's exit from the EU, the government has issued a white paper on the Great Repeal Bill, setting out how it plans to deal with existing EU rules in a post-Brexit world including EU Directives and rulings from the CJEU, although this will be subject to the final exit agreement
The UK will need to ensure fair treatment of EU citizens and refrain from developing trade agreements with third countries before completing its exit from the EU if it is to gain approval for an eventual Brexit, MEPs have said