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Business & Accountancy Daily

@accountancylive

Business & Accountancy Daily for the latest news on tax, accounting, business, finance, UK GAAP, IFRS, audit, HMRC, tax cases, HR and popular Called to Account

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linkhttp://www.accountancydaily.co calendar_today09-03-2011 10:35:49

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Chancellor backs off plan to slash £20k ISA limit - but review is underway so possible changes to split between stocks and shares v cash ISAs - may have some consultation before Budget... not out of woods accountancydaily.co/chancellor-bac… via Business & Accountancy Daily

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Farmer's bookkeeper jailed for £185k fraud - worked for Oxfordshire farm for years until fraud came to light after his death - transferring money to personal and business bank accounts - Thames Valley Police accountancydaily.co/farmers-bookke… via Business & Accountancy Daily

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PM caves to pressure on winter fuel payments - Keir Starmer told MPs at PMQs that government is reviewing the policy... wanted to ensure ‘more pensioners are eligible for winter fuel payments’ - announcement at Budget this autumn expected accountancydaily.co/pm-caves-press… Business & Accountancy Daily

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Employee ownership trusts: what you need to know from funding options to leveraging profit and transition issues - increasingly popular option for business owners due to generous tax advantages and employee benefits Myerson Solicitors accountancydaily.co/employee-owner… Business & Accountancy Daily

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Employer NICs raises £2.1bn extra in single month - slightly alarming as HMRC said these figures ‘largely related to March liabilities’ by employers, so do not reflect full impact of damaging April hike in PAYE NIC1 bill for businesses accountancydaily.co/employer-nics-… Business & Accountancy Daily

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VAT triggers 22.6% rise in private school fees latest Independent Schools Council figures show, while pupil numbers fall 13.5k, much higher than chancellor estimated when policy for tax change first announced accountancydaily.co/vat-triggers-2… via Business & Accountancy Daily

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HMRC loses share valuation dispute as ‘ignored circumstances’ - involved disposal by four shareholders of 100% of their company to their sons - resolved by Croner-i Neil Tipping & VIP Tax Team drawing on Hawking Byass - well worth a read accountancydaily.co/hmrc-loses-sha… Business & Accountancy Daily

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Birmingham owner of Shere Khan restaurateur wins £1.4m tax case at First Tier despite ‘chaotic record keeping’ - bizarre case HMRC lost - keeps you hooked reading it accountancydaily.co/brummie-restau… via Business & Accountancy Daily

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S&W relocates Bristol office after Evelyn Partners split - ‘Our new office at EQ provides a contemporary and smart working environment for our people and clients in a dynamic area of Bristol' accountancydaily.co/sw-relocates-b… via Business & Accountancy Daily

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A Scottish mother and daughter have been banned from being directors after transferring over £300,000 due to creditors out of the company accounts before closing the company accountancydaily.co/scottish-compa…

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Over half of people that regularly WFH would likely put their foot down to being forced to return to the office full time shows new research by Kings College London accountancydaily.co/uk-workers-ref…

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Government ends Level 7 apprentice funding from Jan 2026 - ‘Policy risks shutting door on a vast pool of talented individuals at a time when accountancy sector faces acute talent crisis’ warns Advancetrack accountancydaily.co/government-end… via Business & Accountancy Daily

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IRS warns on filing deadline for overseas US taxpayers - tax due by Monday 16 June 2025. Taxpayers who relinquished US citizenship or ceased to be lawful permanent residents during 2024 must file dual-status tax return accountancydaily.co/irs-warns-fili… via Business & Accountancy Daily

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Nigel Farage spoke today in Central London where he announced if Reform were elected, government savings would come in the billions from scrapping Net Zero and the diversity, equity and inclusion (DEI) agenda accountancydaily.co/reform-would-r…

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Legal updates: draft disclosure letters may not protect from liability - Veranova Bidco LP v Johnson Matthey plc hearing highlights issue Gateley Legal accountancydaily.co/legal-updates-… via Business & Accountancy Daily

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FRC amends FRS 101 to avoid IFRS 19 clash over reduced disclosure requirements. The FRC expects ‘the unambiguous statement to that effect in FRS 101 will save qualifying entities cost of considering issue’ - less disclosure on MPMs #accounting accountancydaily.co/frc-amends-frs…

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HMRC advisory fuel rates for company car users from 1 June 2025 have been cut for some petrol and diesel vehicles, electric rates unchanged at 7p per mile - should fall as year pans out with strength of GBP/USD accountancydaily.co/hmrc-advisory-… via Business & Accountancy Daily

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After fines from the Financial Conduct Authority and compliance issues surrounding the bounce back loan scheme introduced during the pandemic Starling Bank’s profits fell by almost £80m accountancydaily.co/covid-loan-iss…

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Law regulator slated after £60m client money loss at Axiom Ince - Solicitors Regulation Authority faces enforcement action by LSB over failures to intervene effectively in run-up to collapse of law firm - given a year to address issues accountancydaily.co/regulator-slat… Business & Accountancy Daily

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A plethora of household names have been called out for failing to pay the national minimum wage with outsourcing giant Capita, Pizza Express and Lidl in the top 10 accountancydaily.co/capita-and-piz…