UK Accountants brace for significant tax changes in 2024
Administration

UK Accountants brace for significant tax changes in 2024

5m Accountancy Age

UK Accountants brace for significant tax changes i...

The upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...

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Accounting watchdog fines Laura Ashley auditor over “serious” breaches
Administration

Accounting watchdog fines Laura Ashley auditor over “serious” breaches

2y Rebecca Whittaker

Accounting watchdog fines Laura Ashley auditor ove...

UHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...

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How do you solve a problem like TMA?
Administration

How do you solve a problem like TMA?

3y Helen Thornley

How do you solve a problem like TMA?

It is hard to argue that the Taxes Management Act 1970 (TMA), wouldn’t benefit from some substantial updating. It came into force back in the mists of...

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Paul Morton, Tax Director, Office of Tax Simplification
Administration

Paul Morton, Tax Director, Office of Tax Simplification

6y Accountancy Age

Paul Morton, Tax Director, Office of Tax Simplific...

Morton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...

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LITRG urges government to consider tax changes in disability work plan
Administration

LITRG urges government to consider tax changes in disability work plan

6y Accountancy Age

LITRG urges government to consider tax changes in ...

The Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...

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HMRC appeal rejected in Tottenham Hotspur case
Administration

HMRC appeal rejected in Tottenham Hotspur case

7y Accountancy Age

HMRC appeal rejected in Tottenham Hotspur case

The Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...

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HMRC issues updated Trusts Registration Service guidance
Administration

HMRC issues updated Trusts Registration Service guidance

7y Accountancy Age

HMRC issues updated Trusts Registration Service gu...

The revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...

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New trading allowance: simplicity, but not as we know it
Administration

New trading allowance: simplicity, but not as we know it

7y Emma Rawson

New trading allowance: simplicity, but not as we k...

Although the concept of a £1,000 tax-free allowance sounds very simple, there are a number of complexities of which taxpayers and advisers need to be ...

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‘Improve rather than lose’ disincorporation relief, tax body urges
Administration

‘Improve rather than lose’ disincorporation relief, tax body urges

7y Austin Clark , Editor

‘Improve rather than lose’ disincorporation relief...

Introduced in April 2013, fewer than 50 claims had been made by March 2016 for this little used tax Read More...

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Are you ready for the Trusts Registration Service?
Administration

Are you ready for the Trusts Registration Service?

7y Helen Thornley

Are you ready for the Trusts Registration Service?

Reporting trusts must submit data by 31 January 2018 as part of the new EU Money Laundering regulations. What information is required, and are you pre...

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Advisers bullish despite Brexit concerns
Accounting Standards

Advisers bullish despite Brexit concerns

8y Fraser Simpson , Reporter

Advisers bullish despite Brexit concerns

Public opinion is split over whether Brexit will harm or improve the UK accountancy sector Read More...

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Brexit: Five questions accountants should be asking
Accounting Firms

Brexit: Five questions accountants should be asking

8y Fraser Simpson , Reporter

Brexit: Five questions accountants should be askin...

What questions should the profession be asking now the UK has decided to leave the EU? Read More...

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UK votes to leave EU – accountancy profession reacts
Accounting Firms

UK votes to leave EU – accountancy profession reacts

8y Fraser Simpson , Reporter

UK votes to leave EU – accountancy profession reac...

The accountancy world has reacted to the news that the UK has voted to leave the EU Read More...

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European Commission close to anti-tax avoidance package
Administration

European Commission close to anti-tax avoidance package

8y Fraser Simpson , Reporter

European Commission close to anti-tax avoidance pa...

European Commission is one step closer to a wide-reaching anti-tax avoidance package Read More...

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‘Significant recovery’ for HMRC customer service, claims boss Thompson
Administration

‘Significant recovery’ for HMRC customer service, claims boss Thompson

8y Fraser Simpson , Reporter

‘Significant recovery’ for HMRC customer service, ...

HMRC's new leader claims that customer service levels are on the up Read More...

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HRMC loses £653,000 tax battle following administration error
Administration

HRMC loses £653,000 tax battle following administration error

8y Fraser Simpson , Reporter

HRMC loses £653,000 tax battle following administr...

The government department made a very costly administration error in a letter to a tax avoidance user Read More...

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European inquiry into Panama Papers receives go-ahead
Administration

European inquiry into Panama Papers receives go-ahead

8y Fraser Simpson , Reporter

European inquiry into Panama Papers receives go-ah...

The European Parliament has given the green light on an EU investigation into the Panama Papers Read More...

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MEPs push for stricter limits against corporate tax avoidance
Administration

MEPs push for stricter limits against corporate tax avoidance

8y Fraser Simpson , Reporter

MEPs push for stricter limits against corporate ta...

MEPs call for more transparency for trust funds and foundations, common rules for “patent box” tax reductions on intellectual property earnings Read M...

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Bid to cut VAT bill on wedding venue hire rejected by Tribunal
Administration

Bid to cut VAT bill on wedding venue hire rejected by Tribunal

8y Richard Crump , Writer

Bid to cut VAT bill on wedding venue hire rejected...

HMRC assessed the company for over £50,000 of underpaid VAT relating to the hire of the hotel’s Tamarisk Room Read More...

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HMRC high-value tax cases drop 15%
Accounting Firms

HMRC high-value tax cases drop 15%

8y Fraser Simpson , Reporter

HMRC high-value tax cases drop 15%

The number of investigations into high-value big companies that HMRC suspect of using transfer pricing to avoid tax has fallen by 15% in a year Read M...

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OECD pursues input on multilateral instrument
Administration

OECD pursues input on multilateral instrument

8y Fraser Simpson , Reporter

OECD pursues input on multilateral instrument

The OECD has released a public discussion draft relating to its BEPS measures Read More...

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Government deliberates secondary adjustment to transfer pricing rules
Administration

Government deliberates secondary adjustment to transfer pricing rules

8y Fraser Simpson , Reporter

Government deliberates secondary adjustment to tra...

HMRC launches a consultation document that looks to strengthen government efforts against transfer mispricing Read More...

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Take part in our ‘Seven days in Accountancy’ quiz
Accounting Firms

Take part in our ‘Seven days in Accountancy’ quiz

8y Fraser Simpson , Reporter

Take part in our ‘Seven days in Accountancy’ quiz

The latest edition of our 'Seven days in accountancy' quiz is here Read More...

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HMRC taskforces raise £540m since launch
Administration

HMRC taskforces raise £540m since launch

8y Richard Crump , Writer

HMRC taskforces raise £540m since launch

HMRC taskforces have recovered more than £500m since they were launched five years ago Read More...

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Government should rethink “digitally distracted” HMRC, ATT urges
Administration

Government should rethink “digitally distracted” HMRC, ATT urges

8y Fraser Simpson , Reporter

Government should rethink “digitally distracted” H...

A thorough government review into the efficiency of HMRC is badly needed, the president of the ATT has claimed Read More...

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NAO report highlights lessons for HMRC’s future digitalisation plans
Accounting Standards

NAO report highlights lessons for HMRC’s future digitalisation plans

8y Fraser Simpson , Reporter

NAO report highlights lessons for HMRC’s future di...

HMRC's customer service has been slammed by the NAO, with critics adding that taxpayers have been "short changed" by the government department Read Mo...

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Google’s Paris HQ raided in tax avoidance probe
Administration

Google’s Paris HQ raided in tax avoidance probe

8y Fraser Simpson , Reporter

Google’s Paris HQ raided in tax avoidance probe

The search engine's tax affairs have come under further scrutiny following a dawn raid on its Paris offices Read More...

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