Tom Reeve

Insight / People in the news: KPMG, Wright Vigar, BHP, RSM, Grant Thornton

In this week's accountancy career moves, Serious Fraud Office veteran moves to KPMG, Wright Vigar appoints associate director, director joins RSM, BHP gets a new partner, Grant Thornton promotes partner and Ankura gets a chairman for EMEA and APAC

Tax / UK continues to refuse to cut VAT on e-books

The UK continues to charge VAT on e-books, audio books and online newspapers despite changes to EU VAT rules introduced last year and since adopted by a growing number of member states

Tax / Tax take from non-doms falls to near record low

The amount of tax paid by non-domiciled individuals has fallen dramatically since last year, clocking in at £7.54bn, down from a record high of £9.49bn last year

Tax / Government gives £1.1bn tax relief to film, TV and creative industries

A total of £1.1bn was paid out in creative industries tax reliefs in 2018-19, a 22% increase on the previous year’s figure of £900m 

Insight / Call to improve People with Significant Control register

The People with Significant Control (PSC) register at Companies House could be a more powerful tool for financial investigations with a few changes to how it collects and organises information, users have said

Audit / Goals Soccer Centres plc to be delisted from AIM following accounting irregularities

Goals Soccer Centres Plc said that its shares will be delisted from the Alternative Investment Market (AIM) following the discovery of more irregularities in the company’s accounts

Tax / HMRC seeking £30m more tax from contractor investigations

HMRC believes it can squeeze an extra £29.7m from contractors through investigations into their employment status

Insight / Company insolvencies hit five-year high

The total number of insolvencies in England and Wales has risen 12% on the same period last year and are at their highest level for five years, according to the Insolvency Service

Tax / What you need to know about Making Tax Digital

The deadline for the first round of VAT returns under Making Tax Digital (MTD) is fast approaching – here’s what you need to know if you haven’t already filed your first VAT return via MTD

Tax / Tax updates: August 2019

In this month’s round-up of tax cases and news, more IR35 woe for HMRC while GAAR panel kicks out bond scheme, Finance Bill 2019-20 confirms £1.1bn payroll extension to private sector, Making Tax Digital penalty leniency, capital goods scheme simplified and UK multinationals challenge CFC rules

Accounting / Accounting updates: August 2019

In this month’s accounting updates, misstatements at AIM-listed Renold and Eddie Stobart Logistics, deferred prosecution for Serco, late filing penalty change at Companies House, revised ethics code, FRC flags problems with half of annual reports reviewed, IASB consults on insurance contracts and prioritises intangibles, while one third of local councils are at risk of financial failure

Insight / FCA calls for more control of pensions transfer advice market

The Financial Conduct Authority (FCA) is addressing continued problems in the pensions transfer advice market with a package of reform proposals

Tax / Chancellor urged to take ‘strategic approach’ to tax

Three finance industry bodies have written to the Chancellor, urging him to take a more strategic approach to setting tax policy

Tax / HMRC loses £1m VAT case against Scottish farmer

HMRC has lost a £1m VAT case on appeal at the Supreme Court against a Scottish farmer over the purchase of farm subsidy entitlements

Insight / 12% rise in government spend on Big Four consultancy

The Big Four accountancy firms signed £307m worth of contracts for new government consultancy projects in 2018, with PwC  taking the largest slice