Insight / Gig workers face disguised lay-off threat

As furlough schemes end, employers could be tempted to move ahead of the Uber ruling on worker status to avoid a large redundancy bill, but RSM’s Carolyn Brown warns employers need to keep on top of latest developments

Tax / Call for joined up tax reporting deadline extensions

In the wake of the pandemic, businesses have been given extensions for tax filing and company reporting, but there is still confusion between HMRC and Companies House deadlines. Crowe’s corporate tax partner Laurence Field calls for a more joined up approach

Tax / VAT refunds to overseas shoppers to go post-Brexit

The Treasury has signalled the government will end VAT refunds on purchases made by overseas visitors on 31 December, when the UK leaves the EU, despite claims from the travel and luxury goods sector that this will harm tourism

Insight / PM: six new Covid restrictions for the next six months

UK has reached a ‘perilous turning point’, said Prime Minister Boris Johnson, as he tightens up Covid restrictions for England for up to six months after his top scientific advisers warn urgent action was needed to combat the spike in infections

Insight / Director banned over £19m investment failure

The boss of a holiday parks firm has been banned for 14 years after the Insolvency Service discovered investors were owed more than £19m in a failed investment scheme involving luxury lodges

Audit / Almost two-thirds of FTSE 350 compliant with new corporate governance code

UK companies are largely meeting new corporate reporting requirements arising from the Financial Reporting Council’s changes in 2018, but need to demonstrate the link between intention and action more explicitly, research by EY has found

Insight / FCA proposes ‘radical’ reform to motor and home insurance

The Financial Conduct Authority (FCA) is consulting on reforms to the insurance sector, designed to enhance competition, with the proposals predicted to save motor and home insurance consumers £3.7bn over 10 years when they renew existing policies

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors - Part 2

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

Technical Alerts

22 Sep 2020

Tax / £15bn NHS VAT refund scheme shake up

A new £15bn VAT refund scheme for NHS and central government could simplify recovery for the public sector, but there could be hidden impacts for contractors, say RSM’s Carolyn Brown and Scott Harwood

Audit / FRC seeks KPMG response to Carillion probe

The Financial Reporting Council (FRC) has completed its initial report in connection with its extensive investigation into KPMG’s audit of the financial statements of Carillion, the outsourcing company which collapsed in January 2018

Audit / MHA picks up FTSE 250 miner audit

MHA MacIntyre Hudson (MHA) has been appointed as external auditor to FTSE 250-listed Petropavlovsk, the Russian gold mining company which had previously lined up PwC for the role only for the Big Four firm to decline

Insight / Covid-19: U-turn on return to work plans

Companies are to be told to put plans for staff to return to work in offices on hold, as the government introduces stricter controls on social and work activity in a bid to contain any escalation in outbreaks of coronavirus

Insight / Business and public sector mandated to report on modern slavery actions

Large businesses and public bodies will be mandated to report regularly on the steps they have taken to prevent modern slavery in their supply chains, as the government moves to tighten up legislation in this area

Tax / Q&A: class 1 NIC bill from HMRC

In our regular Q&A series from Croner Taxwise, Vanessa Matthews advises how much could be recoverable from an under deducted Class 1 National Insurance Contributions (NICs) bill from HMRC

Technical Alerts