Sara White

Sara White

Sara White is editor of Accountancy Daily, published by Croner-i Ltd, and is responsible for the Accountancy portfolio which includes monthly print magazine Accountancy, online and digital news service, email newsletters and social media at @accountancylive on Twitter. Any comment and feedback is always welcome so do not hesitate to get in touch by email

Tax / US opposes OECD plan to tax multinational digital giants

The US has signalled strong opposition to OECD plans to introduce a wide-ranging digital tax which would hit multinationals, particularly US IT giants

Tax / Guidance on tax-free allowance for trusts revised

HMRC has updated the guidance about the tax-free allowance for trusts and how to report capital gains tax (CGT)

Insight / EY snaps up SAP consulting business

Big Four firm EY has expanded its consulting arm with the acquisition for an undisclosed sum of AgilityWorks, a technology consultancy business with offices in the UK, Portugal and India 

Tax / Tax updates: December 2019

In this month’s tax news, Gaines-Cooper returns to court, Higgins wins CGT claim, TV presenter Fospero and IT contractor in IR35 decisions, R&D tax credit claim fails and general election pushes back Finance Bill

Tax / EU forced to back down on plan for tech giant tax transparency

Twelve members of the EU’s European Council have voted against plans to introduce tough tax laws to force multinationals to disclose their profits and tax liability in each EU member state

Tax / VAT receipts hit record £133bn

The amount of VAT collected in the last year has risen by 5.3% to a record £133bn driven by the wholesale and retail sectors, despite widespread VAT evasion

Accounting / De La Rue issues warning on material uncertainty

Listed bank note printer De La Rue has issued a warning in its half year report about going concern issues due to escalating operating losses and a threat to banking covenants

Audit / FRC issues revised Client Asset Assurance Standard (CASS)

The Financial Reporting Council (FRC) has issued a revised standard for the audit of client assets, outlining rules for conforming with FCA rules and stressing the importance of independent judgment and scepticism

Tax / Election 2019: manifesto round-up

Accountancy Daily sets out the key tax promises set out in the party manifestos for the 12 December election, from Labour plans to hike corporation tax to 26%, Conservatives freezing income tax rates for all bands while increasing the NICs’ threshold, and LibDems running on anti-Brexit remain platform

Tax / Labour to raise corporation tax to 26%

Labour plans to overhaul tax rates for the wealthiest, increase corporation tax to 26% by 2022 and overhaul the £200bn corporate tax reliefs regime if they win the election

Audit / PwC snaps up £1.5m ITV audit contract

FTSE 100 broadcaster and media giant ITV has appointed PwC as auditor from 2021 replacing Big Four rival KPMG

Accounting / CIPFA clarifies rules on local authority property investments

The Chartered Institute of Public Finance and Accountancy (CIPFA) has issued guidance outlining reporting requirements for investments in property by local authorities to increase accountability

Audit / Grant Thornton takes on £1.8m Staffline audit

AIM-listed recruitment group Staffline has hired Grant Thornton after PwC resigned the audit account in the summer over concerns about potential covenant breaches

Insight / EY partner earnings drop as fee income hits £2.45bn

Partner earnings at EY have fallen matched by a modest rise in annual fee income of £2.45bn, up 1.5%, as the Big Four firm focuses on improving diversity at partner level and investing in audit quality

Tax / Conservatives will not cut corporation tax rate to 17%

Boris Johnson has told the CBI Conference that the Conservatives will not cut the current corporation tax rate from 19% as set out in the Budget