Accountancy Daily

Tax / Uber drivers are workers not self-employed, says Supreme Court

The Supreme Court has ruled that Uber drivers are workers and are entitled to minimum wage and holiday pay

Insight / Finance Mole: zoom meetings make life difficult

Taking on a new finance role in the middle of lockdown has its challenges for Finance Mole, but month one has passed without any major calamity

Insight / Government delays review of business rates

The final report of the government’s fundamental review of business rates has been delayed due to the covid-19 pandemic and will now be published in the autumn

Insight / People in the news: EY, Azets, Shaw Gibbs, MHA Henderson Loggie

In this week’s accountancy career moves, promotions and new hires at EY, Deloitte and Grant Thornton, management changes at Azets and audit chief for Engine B

Tax / Tax authority clarifies car tax rules for ultra low emission vehicles

HMRC has updated the car and car fuel benefit calculations to support government’s campaign to improve air quality and reduce road pollution

Insight / Drinks company that falsified accounts faces £300k collapse

A drinks company that used false bank statements to obtain £300,000 from lenders under false pretences has been wound up in court

Technical Alerts

18 Feb 2021

Insight / Using mediation to settle family company disputes

There's an old adage, ‘never go into business with family’ and there’s good reason for it, says Andrew Perkins, shareholder dispute lawyer and mediator with law firm Ashfords LLP

Tax / HMRC hired contractors using disguised remuneration, APPG reveals

The latest APPG report on the loan charge has revealed that HMRC hired a number of contractors in the run-up to 2018 who were using disguised remuneration schemes

Insight / Business growth measures should be Budget priority

Ahead of the upcoming March Budget, nearly half of UK mid-sized companies want the Chancellor to focus on supporting business growth (45%), according to research by Grant Thornton

Tax / Spirit distillers call for tax cut to drive growth

The Spirits Alliance has called for a tax cut and progress with the alcohol duty review to create a fairer system that supports both growth and puts Treasury revenue on a sustainable footing for the future

Accounting / Virtual and augmented reality may improve corporate reporting

The latest FRC Lab report, Virtual and Augmented Reality in corporate reporting, considers how virtual and augmented reality can be used to expand the scope and audience for corporate reporting

Tax / Government to publish tax consultations on 23 March

In a change to the usual timing, the government will publish a number of tax-related consultations and calls for evidence at the end of March

Insight / Administration services firm boss banned for £373k VAT fraud

Boss of Cambridge-based administration services provider has been banned from being a director for 10 years after fraudulently evading hundreds and thousands of pounds worth of tax

Technical Alerts

17 Feb 2021

Insight / Deloitte sells restructuring unit before audit reform

Teneo, the global CEO advisory firm, has announced a major expansion of its international consulting capabilities with an agreement to acquire the restructuring services business of Deloitte UK

Audit / Audit sampling Q&A: applying ISA (UK) 500 Audit Evidence

Michelle Roberts ACA and John Selwood ACA consider the most frequent questions received on sampling following recent changes to the Croner-i Navigate Audit tools for best practice improvements in this area

Tax / Time to rethink the high-income child benefit charge (HICBC)

Sarah Saunders, manager, private client services at RSM argues that the government needs to assess the threshold for the high-income child benefit charge (HICBC)

Accounting / Insolvency protection extended to April 2022 due to pandemic

The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus

Insight / Praxity accounting firms report global revenues of $7bn

Accounting firms in the Praxity Global Alliance have reported record combined global revenues of $6.96bn for the year ended 31 December 2020, an increase of 9.1% year on year

Tax / MPs call for tax breaks to stimulate green investment

The Environmental Audit Committee (EAC) of MPs is calling for VAT reductions to encourage energy efficiency, the use of recycled materials, and repair services

Technical Alerts