Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined tax system

HMRC Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined tax system

4d Accountancy Age, Reporters

Embarking on modernisation: HMRC launches MTD ITSA...

HMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...

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UK Spring Budget 2024: Navigating a transformed fiscal landscape 

Budget UK Spring Budget 2024: Navigating a transformed fiscal landscape 

2w Accountancy Age, Reporters

UK Spring Budget 2024: Navigating a transformed fi...

The UK's Spring Budget 2024 prioritises stability, growth, and fairness. Explore key reforms in public spending, tax, and inflation, and their impact ...

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Forget the budget, we need to be thinking longer-term

Budget Forget the budget, we need to be thinking longer-term

2w Rachael King

Forget the budget, we need to be thinking longer-t...

Amid economic uncertainty, UK political parties are betting on innovation-driven sectors like technology, manufacturing, and green energy to power gro...

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Mind your head (room)! What could we expect in next week’s Budget?

Budget Mind your head (room)! What could we expect in next week’s Budget?

2w Robert Marchant, Partner and National Head of Tax

Mind your head (room)! What could we expect in nex...

Is there headroom for tax cuts in next week’s Budget, and if so, what will they be? The ‘headroom’ is, of course, a wholly fictitious number, created ...

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UK businesses on tenterhooks ahead of UK Spring Budget 2024

Budget UK businesses on tenterhooks ahead of UK Spring Budget 2024

2w Accountancy Age, Reporters

UK businesses on tenterhooks ahead of UK Spring Bu...

As the UK braces for the Spring Budget 2024, businesses across the nation are keenly awaiting Chancellor Jeremy Hunt’s fiscal announcements. Wit...

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Businesses save £1.4 billion in corporation tax through Patent Box scheme

Corporate Tax Businesses save £1.4 billion in corporation tax through Patent Box scheme

3w Accountancy Age, Reporters

Businesses save £1.4 billion in corporation tax th...

The amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...

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Ten Budget predictions from the MHA tax partners

Budget Ten Budget predictions from the MHA tax partners

3w MHA

Ten Budget predictions from the MHA tax partners

As we get closer to the Budget and there is talk of public spending reduction to fund his proposals, we think a cut by the Chancellor to the headline ...

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HMRC admits MTD will be costly for landlords

HMRC HMRC admits MTD will be costly for landlords

3w Rachael King

HMRC admits MTD will be costly for landlords

HM Revenue & Customs (HMRC) has acknowledged the financial and time costs that landlords will face due to the Making Tax Digital (MTD) initiative....

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Tech leaders debate AI skills shortage in Parliament

Business Tech leaders debate AI skills shortage in Parliament

4w Rachael King

Tech leaders debate AI skills shortage in Parliame...

Technology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...

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ACCA Insights: 2024 Global economic outlook – Slow growth, high uncertainty

Brexit & Economy ACCA Insights: 2024 Global economic outlook – Slow growth, high uncertainty

1m Jonathan Ashworth, Chief economist, ACCA

ACCA Insights: 2024 Global economic outlook – Slow...

The global economy looks set to grow slowly once again in 2024, and downside risks remain Read More...

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HM Treasury adds uncertainty on AML reform

HMRC HM Treasury adds uncertainty on AML reform

1m Accountancy Age, Reporters

HM Treasury adds uncertainty on AML reform

HM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...

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Slowing client demand stems promotions at PwC

Audit Slowing client demand stems promotions at PwC

1m Accountancy Age, Reporters

Slowing client demand stems promotions at PwC

PwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...

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HMRC collects £1bn in unpaid tax from landfill tax investigations  

HMRC HMRC collects £1bn in unpaid tax from landfill tax investigations  

1m Accountancy Age, Reporters

HMRC collects £1bn in unpaid tax from landfill tax...

  HMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...

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R&D tax changes risk deterring business investment, Lords report warns

HMRC R&D tax changes risk deterring business investment, Lords report warns

2m Accountancy Age, Reporters

R&D tax changes risk deterring business investment...

The House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...

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IESBA floats stricter ESG reporting standards for review

Accounting Standards IESBA floats stricter ESG reporting standards for review

2m Accountancy Age, Reporters

IESBA floats stricter ESG reporting standards for ...

The creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...

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Begbies Trainor report says 47,000 UK businesses are at risk of collapse

Brexit & Economy Begbies Trainor report says 47,000 UK businesses are at risk of collapse

2m Accountancy Age, Reporters

Begbies Trainor report says 47,000 UK businesses a...

The construction and property sectors, among others, bear the brunt of the crisis. Urgent measures are necessary to alleviate the burden of debt and f...

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HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants

Business HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants

2m Accountancy Age, Reporters

HMRC to mandate payrolling of benefits from April ...

This regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...

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ACCA survey reveals declining confidence among accountants,

Brexit & Economy ACCA survey reveals declining confidence among accountants,

2m Accountancy Age, Reporters

ACCA survey reveals declining confidence among acc...

The GECS report indicates that concerns among accountants about increased costs have eased slightly. However, these concerns remain elevated by histor...

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Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know

Budget Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know

2m Rachael Kennedy

Jeremy Hunt hints at further tax cuts at Davos: Wh...

UK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...

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84% of tax professionals fear double taxation as Pillar 2 looms

Corporate Tax 84% of tax professionals fear double taxation as Pillar 2 looms

2m Accountancy Age, Reporters

84% of tax professionals fear double taxation as P...

The legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...

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Grant Thornton warns 40% of UK Councils are at risk of financial failure

Brexit & Economy Grant Thornton warns 40% of UK Councils are at risk of financial failure

2m Accountancy Age, Reporters

Grant Thornton warns 40% of UK Councils are at ris...

It is critical that a more comprehensive overhaul of both local government finance and models for social care is undertaken to address local councils'...

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Accountants will need to step in to help with the EU's Carbon Border Adjustment Mechanism

Brexit Accountants will need to step in to help with the EU's Carbon Border Adjustment Mechanism

2m Rachael Kennedy

Accountants will need to step in to help with the ...

As the European Union’s Carbon Border Adjustment Mechanism (CBAM)unfolds, it heralds more than a policy shift—it’s reshaping the global tr...

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FRC urged to reconsider enforcement criteria amidst industry evolution

Accounting Standards FRC urged to reconsider enforcement criteria amidst industry evolution

2m Accountancy Age, Reporters

FRC urged to reconsider enforcement criteria amids...

Changes will help to make accounting profession more attractive, ICAEW boss says Read More...

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No early Christmas gifts from Threadneedle Street, but next rate move most likely down

Brexit & Economy No early Christmas gifts from Threadneedle Street, but next rate move most likely down

3m Jonathan Ashworth, Chief economist, ACCA

No early Christmas gifts from Threadneedle Street,...

MPC remains hawkish, but rates have likely peaked Read More...

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Is consolidation the answer to the UK’s R&D advisory problem?

HMRC Is consolidation the answer to the UK’s R&D advisory problem?

3m Rebeca Clark

Is consolidation the answer to the UK’s R&D adviso...

Amidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...

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Should the Autumn Statement have been tougher on late payments?

Budget Should the Autumn Statement have been tougher on late payments?

3m Institute of Financial Accountants

Should the Autumn Statement have been tougher on l...

With an Autumn Statement that has received mixed reviews, one aspect that has flown somewhat under the radar is the commitment to public sector paymen...

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Phil Thompson loses IR35 case

HMRC Phil Thompson loses IR35 case

3m Accountancy Age, Reporters

Phil Thompson loses IR35 case

The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

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