Calum Fuller

Calum Fuller

Calum Fuller is former assistant editor of Accountancy magazine and Accountancy Daily, published by Croner-i Ltd. Before joining Accountancy in June 2016, he spent four years as a reporter for Accountancy Age and Financial Director, and is now editor at Credit Strategy.

Tax / GAAR Advisory Panel shuts down 'contrived' trust interest scheme

Tax arrangements using distributions and benefits through trust interests to extract cash tax free are ‘not a reasonable course of action’, according to the GAAR Advisory Panel

Audit / PwC takes delivery of Domino's Pizza audit

Domino's Pizza has confirmed its intention to appoint PwC as its auditor for the period from 29 December 2019, replacing EY after 20 years in post

Tax / EU blacklists 17 countries as tax havens

The EU has issued a list of 17 countries who fail to comply with EU tax rules and have no tax transparency

Tax / Tax strategy disclosures among FTSE 100 approaches 60%

More than half of FTSE 100 companies (59%) have published a tax strategy as part of their annual report, according to analysis published by Deloitte

Insight / Treasury launches bid to regulate Bitcoin

Treasury efforts are underway to impose controls on crytpocurrencies such as Bitcoin amid concerns they are used to launder money and dodge tax

Tax / Requirement to notify HMRC of offshore structures a reputational risk, say stakeholders

The requirement to notify HMRC if a client is engaged in offshore tax structures carries a reputational risk and could have implications for entirely legitimate structures, a summary of consultation responses reveals

Tax / HMRC consults on corporate interest restrictions and IFRS 16 Leases

A consultation has been launched by HMRC on corporate interest restrictions in order to take account of the accounting changes brought about by IFRS 16 Leases

Tax / Digital multinationals face £285m royalty withholding tax

Major multinationals who operate in the digital arena and are non-resident for tax purposes are likely to be caught by new rules whereby royalties realised in the UK will be subject to tax, under draft plans set out in a Treasury consultation

Tax / Consultation on allowing transfers of shares and securities in venture capital trusts

A consultation is being conducted to over legislation which will allow venture capital trusts to exchange shares and securities without relying on HMRC to decide if transactions are permissible ad hoc

Insight / PwC Hong Kong takes first client payment in Bitcoin

PwC in Hong Kong has for the first time accepted payment in Bitcoin for its advisory services, the Big Four firm has announced

Tax / Claims period for pensions tax relief halved

Pension scheme administrators that reclaim tax relief face a reduced period for making claims under new legislation brought forward by the government

Accounting / Accounting updates: December 2017

In this month’s roundup of developments in accounting and financial reporting, IFRS 9 adoption could wipe £2bn off Barclays' net value, FRC annual FRS 101 review defers changes to leases, IFRS 15 revenue recognition hits mobile operators

Tax / Jim Harra made second permanent secretary at HMRC

Jim Harra has been appointed second permanent secretary at HMRC, following Edward Troup’s upcoming retirement from the tax authority

Insight / BDO confirms double-figure profits for second consecutive year

BDO has seen its underlying revenues hit £428m in the year to 30 June 2017, an increase of 5.7% compared to £405m last year, while for the second year experiencing double digit profit growth

Tax / Anaemic growth figures mean no end in sight for austerity, says IFS

The Institute for Fiscal Studies (IFS) has warned that anaemic growth and the likelihood of further cuts mean wages will be no higher in 2022 than in 2007