Two thirds of accountants say poor HMRC services hurting small businesses
ACCA

Two thirds of accountants say poor HMRC services hurting small businesses

4d Rachael King

Two thirds of accountants say poor HMRC services h...

Following the Chancellor’s Spring Budget on March 6, the Association of Chartered Certified Accountants (ACCA) surveyed its members for their insight ...

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UK inflation's unexpected decline sparks hope and caution among experts
Economy

UK inflation's unexpected decline sparks hope and caution among experts

1w Accountancy Age , Reporters

UK inflation's unexpected decline sparks hope and ...

UK's inflation unexpectedly drops to a 2-year low at 3.4%, stirring mixed reactions. Experts see it as a positive sign, but caution about future risks...

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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 ...

2w 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 

3w 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

3w 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?

4w 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

4w 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

4w 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

1m 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

1m 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

1m 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  

2m 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 pr...

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 kn...

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 Adjust...

3m 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

3m 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 ...

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 Rachael Kennedy

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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