Insight

Insight / Pandemic disruption poses threat to 400,000 retail jobs

Changes in working patterns as a result of Covid could result in over 400,000 job losses on the high street, as workers continue to work from home at least part of the week, according to research by KPMG

Insight / Finance Mole: stepping up to the CFO role

In a surprise move, Finance Mole breaks with tradition and secures a challenging job at the top of the finance team

Tax / HMRC: tax returners spread £69m with Time to Pay plan

Almost 25,000 self assessment taxpayers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1m, HMRC has revealed

Audit / Regulator cracks down on pension scheme governance failures

The Pensions Regulator (TPR) has banned a corporate trustee and one of its directors from acting as pension scheme trustees after multiple governance failures which it said highlighted a lack of competence, capability and integrity

Insight / Former Carillion executive facing directors’ bans

As the third anniversary of the collapse of Carillion approaches, business secretary Kwasi Kwarteng has begun legal proceedings which could see eight former executives banned from serving as directors for specified periods

Insight / Missing £1m tips waste boss into ban

The boss of a skip company has been banned for seven years after failing to provide accounting records for over £1m of payments

Insight / FCA updates Covid repossession guidance

The Financial Conduct Authority (FCA) is to update its guidance on mortgages and consumer credit repossessions during the pandemic, easing some of its previous recommended restrictions

Insight / MPs to investigate corporate insolvency market

An influential cross-party group of MPs is to conduct an in-depth investigation into standards in the UK insolvency profession, in response to claims that some practitioners are prioritising lenders’ interests over those of business or other creditors

Insight / Consulting services drive 9.2% growth at RSM International

RSM International has posted a 9.2% hike in global revenue which hit $6.3bn (£4.6bn) in 2020, up from $5.7bn (£4.2bn) the previous year

Insight / Seven-year ban on the menu for caterer over missing £265k in tax

A takeaway owner from Kent has been banned for seven years after undeclaring orders to avoid paying £265,000 worth of taxes

Insight / Push to extend debt relief order eligibility post-Covid

Financial difficulties caused by Covid are driving plans to increase the financial eligibility criteria for debt relief orders (DROs), in a bid to help more vulnerable people get a fresh start

Insight / FCA warning on LIBOR transition by year-end

The Financial Conduct Authority (FCA) has warned firms that they must make sure they can complete their transition away from LIBOR to a new sterling benchmark before the end of the year

Tax / UK business ill-prepared for IR35 rule changes

With just three months to go before off payroll tax rules come into effect for the private sector, half of UK firms that hire contractors are not prepared for the changes, according to research by IR35 Shield

Tax / Post Brexit VAT and the financial services sector

Suppliers of financial services to EU customers will be able to recover VAT on their costs from 1 January 2021 as rules will align with non-EU 27 providers. Kevin Hall, partner at Wright Hassall, explains

Insight / £1m unaccounted expenses sparks ban for electrician

A Surrey electrician has been banned from running companies for seven years after failing to explain the legitimacy of close to £1m of expenses taken out of the company bank account
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