European regulators have imposed €114m (£97m) in fines under the GDPR regime for data privacy infringements, with a further €329m in fines threatened by the UK regulator

With 10 days to go until the UK officially leaves the EU, financial services firms have gone quiet on relocation announcements, and are focusing instead on the nature of post Brexit relationships, according to research from EY

Lord Mendelsohn is introducing a Private Members Bill to the House of Lords in an effort to tackle late payments and to strengthen the powers of the Small Business Commissioner

Blair Nimmo, partner, and James Lumb, director, from KPMG’s restructuring practice have been appointed joint administrators of Penman MW Ltd

KPMG has been appointed as administrator of department store Beales as the company collapses into administration following high rent and poor Christmas sales

Accounting bodies have called for listed companies to improve reporting on the UN’s Sustainable Development Goals (SDG) in an attempt to meet 2030 environmental goals

Guernsey is to reform its insolvency laws to create a more effective corporate insolvency regime with more accountability for directors

Companies need to improve their reporting on workforce-related issues by providing clearer and more consistent information about how staff link to the business strategy

Two men who bought and sold over 50 properties but failed to pay nearly £1m in tax, have been jailed for more than eight years following an HMRC investigation.

Ian Dembinski, head of client development at Rathbone Investment Management, explores the partnership between accountant and wealth manager in guiding entrepreneurs through the sale of their business and managing their wealth in the longer term

Flybe has rejected claims that it owed HMRC over a £100m in airline passenger duty (APD) arrears, stating that the unpaid tax is closer to £10m

Mazars, the international accounting and audit network, has reported a 10.4% hike in revenue to €1.77bn (£1.51bn) for year end 2019, marking record organic growth spurred by expansion in China

In this week’s accountancy career moves, partner appointments at Hurst, Mercer & Hole, partner promotion at PwC and senior audit hires at Beever and Struthers and DTE

A former accountant accused of misleading The Pensions Regulator (TPR) after he failed to enrol a client’s staff into a pension has been ordered to pay £4,987

The Association of Chartered Certified Accountants (ACCA) has launched a new wellbeing hub to provide mental health, lifestyle and community support for students, in response to requests for additional help with exam stress