Accountancy Daily

Employment tax

Tax | Average inheritance tax bill hits £62k

The freeze on the main inheritance tax (IHT) threshold since 2009 has pushed more estates into the tax net, costing bereaved families almost £62,000

30 May 2023

Personal tax

Accounting | Greenhouse gas reporting should not be 'onerous'

Accountants need to provide transparent information about greenhouse gas emissions to improve the quality of disclosures using a dedicated finance team

30 May 2023

Accounting

Accounting standards

Financial reporting

Tax | Taxman targets 512 UK businesses using ‘tax havens’

HMRC is tracking over 500 UK businesses suspected of using so-called tax havens, up 84% from the 277 businesses flagged last year

30 May 2023

Business tax

HMRC

Insight | One in three director bans for bounce back fraud

More than a third of directors struck off the company register in the last 12 months have been involved in fraud related to bounce back loans paid out during the pandemic

30 May 2023

Tax | HMRC issues scam warning to tax credits claimants

Tax credit claimants need to be on their guard against fraudsters, as HMRC warns of increasing use of text messages by scammers

30 May 2023

Personal tax

Insight | Are you prepared for the Economic Crime Levy?

With just four months to go before the Economic Crime Levy (ECL) comes into force, HMRC has issued guidance on how to prepare for the annual charge

30 May 2023

26 May 2023

Tax | Innovation body faces £36m IR35 tax bill

UK Research and Innovation, a government funded body, faces a tax bill of £36m after wrongly categorising contractors under the off payroll working rules

26 May 2023

Employment tax

Tax | Clothing boss jailed for £97m VAT fraud

Two men involved in one of the UK’s largest carousel VAT frauds have been sentenced to a combined total of 31 years in jail

26 May 2023

Insight | Government intervenes over £1.9bn Woking Council debt

Commissioners have been sent into Woking Borough Council amid ‘significant risks’ over its £1.9bn debt following heavy investments

26 May 2023

Insight | UK gender pay gap falls at fastest pace since 2017

The overall UK gender pay gap has fallen at the fastest rate in six years with a 12.2% differential between men and women

26 May 2023

Insight | People in the news: BDO, Evelyn Partners, Milsted Langdon

In this week’s accountancy career moves, partner promotions and hires at BDO, Deloitte, EY, Evelyn Partners, RSM, Armstrong Watson, Milsted Langdon, HWB, UHY Hacker Young

26 May 2023

Careers

Leadership & management

Insight | Redundancy protection extended for parents

Parents and unpaid carers are due to receive new employment rights which will grant them extra protection from redundancy while on parental or carer leave

26 May 2023

Audit | Revolution Beauty auditor signs off year end

Revolution Beauty has published annual results after auditor BDO signed off the accounts after questions over accounting treatment of revenue and inventory stocks

26 May 2023

Audit

Corporate governance

25 May 2023

Tax | A UK wealth tax is a non-starter

As the UK faces the highest tax burden for decades, the introduction of a wealth tax would damage entrepreneurship and force top earners to question their residency, warns Des Hanna, international tax director at Andersen LLP

25 May 2023

Personal tax

Tax planning

Tax | Self assessment threshold rises to £150k

HMRC has confirmed that from tax year 2023 to 2024 onwards, the self assessment threshold for taxpayers taxed through PAYE only, will change from £100,000 to £150,000

25 May 2023

Insight | Private equity funds invest millions in accountancy firms

In 2022, there were 20 acquisitions of UK professional services firms by private equity funds with nine deals across the accounting and consulting sectors

25 May 2023

Tax | Sign up for our P11D expenses webinar

Don't miss our latest expert webinar on the key issues to consider when completing P11D expenses forms

25 May 2023