Tax / HMRC issues draft rules on pension cold calling ban

HMRC has launched a technical consultation on draft regulations to ban pensions cold calling to ensure the proposed arrangements are robust and effective in protecting individuals from scams

Insight / BEIS wants public register of foreign owners of UK property

Foreign companies owning UK properties will have to reveal their ultimate owners on the world's first public register, or face up to five years in jail for concealing the identify of those using shell companies, as part of a crackdown on money laundering

Audit / Global ethics board strengthens rules for accountants over inducements

The International Ethics Standards Board for Accountants (IESBA) has updated its global ethics code to strengthen rules to guard against accepting excessive inducements and hospitality, highlighting the importance of avoiding being put in a compromising situation 

Insight / Builder disqualified over hidden sales and VAT loss

The director of a West Midlands construction company has been disqualified for seven years after he failed to declare all the company’s sales income, resulting in an under-payment of VAT totalling over £200,000

Insight / People in the news: EY, BDO, Edwin Coe

Career news this week includes a change in managing partner for talent at EY, BDO promotes a member of the audit team to senior partner and Edwin Coe gains a senior tax manager

Insight / Administrators grill Gaucho steak chain

Matthew Smith and Robert Harding, partners from Deloitte, have been appointed joint administrators of Gaucho Grill Ltd, Gioma (UK) Limited and Cau Restaurants Ltd, the operators of a chain of restaurants specialising in Argentinian steaks which has collapsed, putting over 1,200 jobs at risk

Insight / What is wrong with unpaid internships?

With graduates struggling to enter employment after completing their studies, internships and work experience placements are essential but is it wrong that so many businesses do not pay their interns? Gudrun Limbrick, lead consultant at Word Works, looks at how the Taylor Review and government are trying to change this

Insight / Charity ex-trustees disqualified over financial mismanagement

Two former trustees, one of whom was an accountant, have been disqualified following a joint agency investigation and a Charity Commission inquiry which found serious misconduct and mismanagement in the charities they were running

Insight / Deloitte creates Asia Pacific firm

Deloitte is to create a new entity, Deloitte Asia Pacific, bringing together its geographies in Australia, China, Japan, New Zealand and Southeast Asia, with the aim of increasing its services and presence in the region, which it says is the fastest-growing area of its network

Insight / BDO South Africa to merge with Grant Thornton

BDO South Africa has announced it is to merge with Grant Thornton Johannesburg, with the aim of creating the country’s leading mid-tier audit firm

Insight / Tax fraudster to pay £67K or face two more years in jail

A Gloucester security services company director, who was jailed for a £497,000 tax fraud, must pay back £67,424 or face another two years in jail and still owe the money

Insight / Godfrey-Billy: artificial intelligence will set accountants free

With artificial intelligence (AI) and automation threatening to change the face of the accounting profession, Kirsty Godfrey-Billy, chief accounting officer at Xero, asks how technology will reduce repetitive tasks and improve controls

Insight / Dodwell named as member of the GAAR advisory panel

Bill Dodwell, former head of tax policy at Deloitte and regular contributor to Accountancy magazine, has been confirmed as a member of the General Anti-Abuse Rule (GAAR) advisory panel while also taking up a role as a part-time senior policy adviser at the Office of Tax Simplification (OTS)

Insight / Government wins vote on leaving customs union

In a tense evening of voting, the government has seen off attempts to alter its agreed post-Brexit trade strategy, with the defeat of an amendment which sought to insist the UK should be forced to join a customs union with the EU if no agreement were reached on frictionless trade by 21 January 2019

Insight / Pension company liquidated over £4m abuse

A Kent pension company has been ordered into liquidation at the High Court after an Insolvency Service investigation revealed it had abused over £4m of investors’ savings