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

Audit / Beales’ auditor may face ICAEW probe

ICAEW is considering whether to investigate the auditors of failed department store chain Beales over going concern issues

Audit / Hill & Smith ends 20-year audit relationship with KPMG

FTSE 250 listed engineering services company Hill & Smith Holdings plc is planning to flip Big Four auditors with the appointment of EY 

Audit / Listed foundry Castings drops PwC for Mazars

Top 10 firm Mazars has picked up the audit for AIM listed iron casting and machining group Castings plc which has flipped auditors from its Big Four incumbent

Tax / Stride back in the chair at Treasury Committee

Mel Stride MP has been re-appointed chair of the Treasury Committee, following general election shake-up which means all committee chairs need to be re-elected

Tax / Multinationals pay £5bn as profit shifting tax rules bite

HMRC has raised over £5bn since the diverted profits tax and changes to transfer pricing rules came into force five years ago as global businesses change tax policy

Insight / Brexit Withdrawal Act given Royal Assent

Brexit is moving a step closer with the Withdrawal Agreement Act now in statute following Royal Assent and completion of the implementation period by 31 December 2020 

Insight / Poor mental health costs UK employers £45bn a year

Organisations need to change their corporate culture and improve their understanding of mental health issues to support employees and reduce the damaging impact of the always-on work culture

Audit / Global ethics board plans overhaul of auditor independence rules

The International Ethics Standards Board for Accountants (IESBA) is consulting on significant revisions to the ethics code relating to provision of non-assurance services and fees to client companies in a bid to strengthen auditor independence

Tax / Recruitment bosses call for delay to IR35 for private sector

A group of industry leaders have written to the Chancellor criticising the IR35 rule changes to off-payroll working for the private sector and calling for a one-year delay to introduction

Audit / NAO releases draft Code of Audit Practice 2020

The National Audit Office (NAO) has published the final draft of the new Code of Audit Practice 2020, confirming more robust narrative reporting requirements 

Tax / IR35 draft legislation out for consultation

HMRC has published draft secondary legislation with a four-week window for feedback from stakeholders despite being mid-way through a government review of the rules

Accounting / TheWorks faces £300k tax bill over import duty

FTSE listed discount stationery retailer TheWorks has warned it is facing a potential tax bill following an HMRC investigation into the use of zero rated import duty

Tax / Sugar tax should net pre-mixed alcoholic drinks

An anti-sugar lobby group is calling for the government to extend the parameters of the sugar levy to cover pre-mixed alcoholic and energy drinks which are packed with hidden sugar

Tax / Time to pay arrangements for individual taxpayers clarified

HMRC has issued guidance for individual taxpayers on how to settle a tax debt using a negotiated time to pay arrangement

Tax / Shih Tzu ‘guard dog’ goes hungry after failed expense claim

Every year, HMRC receives imaginative excuses and expense claims following the 31 January self assessment deadline from out of control guard dogs to a DJ too busy to fill in his form