Sara White

Sara White

Sara White is editor of Accountancy magazine and 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 / Stamp duty land tax payment window cut to 14 days

The payment window for stamp duty land tax (SDLT) has been halved to 14 days affecting commercial and residential property transactions while a new penalty system will also come into force with immediate effect

Tax / Tax updates: March 2019

In this month’s round up of tax developments, Harry Potter star loses appeal, HMRC fines homeless man, landmark overseas powers case, July deadline for first MTD, child benefit eligibility warning, Brexit VAT expenses deadline, probate fees hike

Audit / Audit updates: March 2019

In this month’s round-up of audit news, FRC extends probe into Carillion audit, no deal Brexit advice for auditors, Vodafone drops PwC in swap to EY, BDO picks up £200k Halfords audit from KPMG

Accounting / Scottish public sector must improve quality of reporting

Public sector bodies in Scotland need to improve the quality of their performance reporting by putting a greater focus on disclosures about sources of funding, key performance indicators and risks factors, all in the context of financial statements, says Audit Scotland

Tax / Group action on £1bn tax avoidance 'E' Share losses scheme

Over a thousand business owners who are caught up in a tax avoidance scheme involving 'E' shares and are facing £1bn in losses are being invited to join a group action against the accountants and IFAs who provided them with advice, over claims of mis-selling

Accounting / Accounting updates: March 2019

In this month’s roundup of accounting and reporting developments, no deal Brexit advice for accountants, IFRS 9 causes HSBC’s net assets to drop £1.2bn, IFRS 16 set to pull £180bn onto FTSE 350 balance sheets, Kraft Heinz under spotlight over procurement accounting

Tax / Employment tax updates: March 2019

In our monthly roundup of employment tax developments, clarification of settlement terms for disguised remuneration liabilities, HMRC advisory fuel rates from 1 March, Scottish budget passed after deal with Green party

Accounting / Project summaries on IFRS 8 and discount rates released

The IFRS Foundation has published two documents summarising work by the International Accounting Standards Board (IASB) on possible improvements to IFRS 8 Operating Segments and on discount rates in IFRS standards

Tax / Junior ISA saving rates raised 2.5% from April 2019

The annual saving limit for Junior ISAs and child trust funds (CTF) is set to rise 2.5% from 1 April for the estimated six million child account savers

Accounting / EFRAG endorses amended materiality definition in IAS 1 / IAS 8

The European Financial Reporting Advisory Group (EFRAG) has endorsed the use of the upcoming materiality changes to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Accounting Estimates and Errors

Tax / July deadline for first MTD for VAT filing for complete quarter

Companies will not have to file their first digital VAT return under Making Tax Digital for VAT until 1 July at the earliest, although the digital reporting requirement becomes mandatory in April

Tax / Commuter belt St Albans worst offender for tax avoidance

Leafy Hertfordshire commuter town St Albans leads the UK for individuals admitting unpaid tax in terms of raw population, followed by Edinburgh and Slough

Tax / Ignore email scams promising fake HMRC tax refunds

Scammers are targeting self assessment taxpayers by email claiming they are entitled to tax refunds and asking for bank details to transfer the money

Accounting / Government passes SI to ensure accounting compliance post Brexit

Legislation to protect post Brexit filing exemptions for companies and limited liability partnerships (LLPs) under accounting rules have now been passed via a statutory instrument, SI 2019 No. 145, to ensure compliance with the Companies Act 2006

Tax / Soft landing for Making Tax Digital for VAT will allow 'cut and paste'

With less than 50 days to go until Making Tax Digital for VAT becomes mandatory for businesses registered for VAT, HMRC has confirmed that companies will be able use a 'cut and paste' approach during the one-year soft landing before companies need to use digital links