Accountants angered by P35 reminder letters
Accountants have been voicing their displeasure after receiving letters from HMRC reminding them to file P35s for their clients even though this has already been done through the online system. After a...
View ArticleHow can the government plug a £13 billion black hole?
Accountants and other drivers could soon find their motoring activities taxed in a different way if the government listens to proposals from the RAC. The RAC commissioned a report from the Institute...
View ArticleUK CFOs more pessimistic than their global counterparts
Chief Finance Officers in the UK are decidedly downbeat about the UK’s economic prospects for the remainder of this year, according to the latest global research. The survey, which was conducted by...
View ArticleWill child benefit changes lead to more tax avoidance?
Accountants have said that the government’s proposed changes to child benefit regulations are seriously flawed and could turn out to be an operational disaster. As from the start of next year,...
View ArticleAre UK accountants under pressure to behave unethically?
A new study from the CIMA and the American Institute of CPAs suggests that finance professionals are being pressurized to act unethically. In the survey, entitled Managing Responsible Business, around...
View Article13,769 takers for the NIC holiday; a far cry from the anticipated 400,000!
Small businesses are still turning their backs on the government’s National Insurance Holiday scheme, according to a recent report in the Daily Telegraph. The NI holiday was introduced to encourage new...
View ArticleTax rates are creeping up across the EU member states
It will probably come as no surprise to learn that taxation rates are edging up in EU member states. Official data from the EU shows that VAT rates are increasing as are corporate and high earner’s...
View ArticleHMRC qualifies who is Scottish for income tax purposes
HMRC has now published a technical note detailing the way it will deal with Income Tax in Scotland after the Scotland Bill received Royal Assent earlier this year. As from April 2016, the Scottish...
View ArticleHMRC brings in more tax, but it could have done better
HMRC has increased the amount of tax revenue it collects considerably over the last five years, but it could have brought in even more if it hadn’t reduced the number of people working in its...
View ArticleNew Scottish ‘mansion tax’ under fire from financial experts
While Scotland’s finance secretary says that anyone purchasing a property in the country that costs less than £325,000 will benefit from a new tax scheme, the new so-called ‘mansion tax’ has been...
View ArticleEven more accountants caught red-handed
Industry news roundup: week ended 9 Jan 2014: As if the news from last week wasn’t bad enough, there seems to be a growing trend of accountants finding themselves in extremely hot water. First up, it...
View ArticleAccountants in hot water here at home and across the pond
Industry news roundup: week ended 16 Jan 2014: This week, the news is simply full of stories about British accountants finding themselves landing in hot water both here and in the US. First up is the...
View ArticleOh look, more accountancy firms landing in hot water!
Industry news roundup: week ended 23 Jan 2014: This week marks just another one where industry watchdogs have been simply going wild by ripping apart the actions of accountancy firms for wrongdoing. Is...
View ArticleFRC gets former Lloyds chair while US slaps down accountants
Industry news roundup: week ended 30 Jan 2014: This week, the US has slapped down the Chinese units of 4 major accountants – while the UK gets a former banking exec as chair of the FRC. It seems odd to...
View ArticleYet more fraud: when will these accountants ever learn?
Industry news roundup: week ended 6 Feb 2014 Nowadays it seems you can’t go a week without hearing about how the reputation of yet another accountancy firm has gone up in smoke – or in one case up a...
View ArticleStress and happiness exist hand-in-hand in UK accountants?
Industry news roundup: week ended 12 Feb 2014: Accountants are a highly complicated lot , as two conflicting research studies have revealed that they’re both the happiest and the most stressed right...
View ArticleAccountants end up on both sides of the courtroom
Industry news roundup: week ended 20 Feb 2014: This week it’s been abundantly clear that accountants are ending up not just on one side of the courtroom but the other as both plaintiffs and defendants....
View ArticleChronic large business underpayment to be put to bed by HMRC
Industry news roundup: week ended 27 Feb 2014: Her Majesty’s Revenue & Customs has finally had it with larger businesses getting away with murder when it comes to underpayment on their tax burdens....
View ArticleFraud spreads through local and overseas accounting sectors
Industry news roundup: week ended 6 March 2014: I don’t know what it is but it seems like the instances of accounting fraud are spreading like wildfire in the UK, only to be followed by the rest of the...
View ArticleAccountancy organisations have had it with the Government
Industry news roundup: week ended 13 March 2014: It’s usually quite a big deal when a major trade industry body has a row with the Government over policy, but it’s even more serious when two of them...
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