Insight

Insight / HMRC adds to no deal Brexit import information

The government has announced plans to phase in for EU imports the pre-arrival forms known as entry summary declarations, if the UK leaves the EU without a withdrawal deal, in a bid to ease trading arrangements post-Brexit

Insight / BDO pilots Flybmi administration

BDO business restructuring partners Graham Newton, Tony Nygate and James Stephen have been appointed as joint administrators over British Midland Regional Ltd, the East Midlands-based airline which operated as Flybmi, and ceased operations at the weekend with all flights cancelled and the loss of around 400 jobs

Insight / Forger’s VAT fraud used to pay confiscation order

A South Lanarkshire man who used a VAT tax fraud to repay money he had previously made as forger of fake banknotes has been jailed for more than two years, following an HMRC investigation in which an officer uncovered his identity

Accounting / Another slice of Patisserie Valerie sold

Administrators from KPMG have sold a further slice of Patisserie Holding’s business, with the disposal of Baker & Spice to the Department of Coffee & Social Affairs for £2.5m

Insight / Deloitte ethnicity pay gap slow to close

Big Four firm Deloitte UK has said it still has some way to go in closing the firm’s entity pay gap, as its second year data should the mean pay gap is currently 12.9%, compared to 11.7% in 2017

Insight / Travel agent FD banned over missing £700K

The finance director of a travel agency has been disqualified for 11 years after he misappropriated £700,000 worth of company funds on failed foreign exchange trades

Insight / Car dealer banned over £200K tax and creditor failures

The director of a car dealership and repair services has been banned for seven years after acting to the detriment of his customers and company creditors, including HMRC which was owed at least £80,000

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

Insight / Rise in administrations illustrates business nervousness

Last year ended on a challenging note for many businesses, with the total number of companies in England and Wales entering into administration during the fourth quarter on the increase, according to analysis by KPMG

Insight / People in the news: Price Bailey, Grant Thornton, Mazars

Career news this week includes a VAT partner at Price Bailey, Grant Thornton gains a head of business development for its South Asia Group, Mazars appoints an office managing partner in Birmingham

Insight / Property bosses to pay thousands after abusing company accounts

A pair of married property directors have been ordered by the courts to pay back £182,000 having abused their company’s bank account, while also failing to make any tax payments for the six years it operated

Insight / How to turn up the LGBT voice in your workplace

Over the last decade, organisations have made huge strides in supporting lesbian, gay, bisexual and transgender (LGBT) employees and creating an inclusive workplace. Croner associate director Paul Holcroft considers how to ensure your workplace is diverse and inclusive

Insight / 56% of finance professionals against working nine to five

Four in ten (39%) finance professionals think outdated office traditions need to be abandoned, with 48.8% of workers in the sector claiming they would leave to join a more modern company if businesses failed to update the way they run their workplace

Insight / Top five: UK career hotspots for accountants

With the threat of Brexit looming over job markets, Lee Biggins, founder and managing director of CV-Library, highlights the top five UK cities for accountants looking to relocate this year

Accounting / Patisserie Valerie saved by Irish investors

Irish private equity firm Causeway Capital Partners has bought troubled bakery chain Patisserie Valerie, which collapsed into administration earlier this year following on from the earlier discovery of a £40m accounting fraud
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