Amy Austin

Amy Austin

Amy Austin is reporter, Accountancy Daily and Accountancy magazine, published by Croner-i Ltd, responsible for news and reporting, covering buy-to-let taxes, Brexit, careers and diversity, millennials and internships, and Making Tax Digital, as well as wider tax, audit and accounting issues. she was previously editorial assistant from May 2016 to March 2018. Before joining Accountancy, she worked for a number of publishers as an intern and studied journalism at University of Roehampton.

To discuss opportunities to contribute to our new millennial interviews series, contact Amy Austin

Tax / Tax updates: May 2019

In this month’s tax updates, cases include Loose Women’s star IR35 win while Hustle actor’s Big Bad Wolffe company loses NIC appeal, a taxpayer’s unsolicited tax returns are rejected, HMRC wins £40m Hyrax case, IR35 private sector rules released, Treasury reports on loan charge, HMRC consults on PRR and multinationals face CFC clawback

Audit / Audit updates: May 2019

In this month’s audit updates, the Competition and Markets Authority (CMA) sets out radical reform proposals including mandatory joint audits, Brydon review launches audit process consultation, the future of the Financial Reporting Council (FRC), review of KPMG’s audit practice, sanctions for Grant Thornton and Baker Tilly, and audit switches at Mothercase and French Connection

Insight / Poker champ loses £30K winnings to HMRC

A poker champion has been stripped of tournament prize-money for a second time to repay money he stole in a tax fraud

Insight / People in the news: Price Bailey, RSM, PKF Francis Clark

In the latest accountancy jobs moves, Price Baily appoints a lawyer as a partner for the first time, RSM gets a new managing partner in its Chelmsford office, PKF Francis Clark appoints three directors in its Exeter office

Tax / Call for urgent six-month delay to loan charge

The loan charge all-party parliamentary group has written to Mel Stride, financial secretary to the Treasury, calling for him to suspend the loan charge for six months after a debate was abandoned yesterday following flooding in the House of Commons

Tax / Annual money laundering supervision fee for accountants rises 130%

From 1 May, the annual renewal fee for money laundering supervision will more than double from £130 to £300 per premises, an increase of 130%

Insight / Called to account: April 2019

In this month’s called to account, a music tuner’s VAT scam falls flat, an accountant’s fake sick note fails, a scrap metal merchant tops the tax defaulter list, while an accountant trustee rips off a pension fund

Tax / CFC clawback could cost UK-based multinationals millions

The European Commission has ruled that part of a UK tax scheme is illegal under EU State Aid rules, as it exempted certain multinationals, and has ordered the UK to recover the revenue

Tax / HMRC sends late filing penalties earlier than expected

The Association of Taxation Technicians (ATT) is alerting taxpayers that HMRC is starting to issue late filing penalties for self-assessment income tax returns this week

Audit / FRC found to be ‘asleep at the wheel’ over audit, says Reeves

Rachel Reeves MP, chair of the Business, Energy and Industrial Strategy (BEIS) select committee, has slammed the Financial Reporting Council (FRC) for being an ill-led regulator, highlighting that the incoming Audit, Reporting and Governance Authority (ARGA) must have new leadership and that this ‘cannot come soon enough’

Tax / Tax updates: April 2019

In this month’s tax updates, read about Lorraine Kelly’s £1.2m IR35 case, Lehman Bros interest payments, ‘E’ Share losses, Making Tax Digital registration delays, SDLT window cut, and OECD digital tax plans

Insight / Brexit for accountants: what we know so far

A roundup of Brexit legislation, guidance and statutory instruments including no deal Brexit advice for auditors and accountants, HMRC and BEIS extend post Brexit guidance for SMEs, lost limited liability status and import duties to be slashed in the event of a no deal

Audit / Audit updates: April 2019

In this month’s audit updates, FRC to be replaced by new audit regulator, PwC Colonial Bank fine, tougher going concern rules, multiple audit moves, whistleblower protection, Financial Reporting Lab future direction, poor value for money arrangements in local public bodies

Audit / The mystery of audit tenders: what you need to know

Although the audit profession is very much in the spotlight at the moment, audit tenders have remained below the radar. Amy Austin, reporter at Accountancy Daily, investigates what is involved in a tender, why costs are so high and how firms compete against one another

Tax / 2019/20 tax year: business tax rate changes and allowances

A roundup of all the business tax changes which come into force from the 2019/20 tax year including, reforms to the apprenticeship levy, Making Tax Digital for VAT becomes effective and deferral of exit charges under capital gains tax