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HMRC TARGETS NON-PAYERS OF HIGH INCOME CHILD
HMRC targets non-payers of high income child benefit charge with letters to accountants saying mistakes on tax returns submitted by £50k plus earners – #HMRC has been cross-referencing child benefit claims
Read moreECONOMIC UNCERTAINTY CREATES
Economic uncertainty creates financial reporting risks, warns FRC as flags issues with impairment and cash flow reporting – 10% of companies reviewed in annual review needed to restate accounts
Read moreHMRC CLARIFIES TAX ON HOME CHARGING
HMRC clarifies tax on home charging of purely electric company cars – costs of charging now treated as a tax-free benefit and guidance has been updated
Read moreKPMG FINED £21.4M FOR …
KPMG fined £21.4m for ‘exceptional’ and ‘seriously deficient’ audit work related to collapsed outsourcer Carillion – would have been £30m if KPMG had not co-operated with FRC – biggest fine[…]
Read moreBUSINESS INSOLVENCIES RISE…?
Business insolvencies rise 17% on last year – worst hit sectors construction, manufacturing and retail industries, reflecting impact of higher interest rates and a sharp drop in residential house building
Read moreHMRC BULKS UP COMPLIANCE DIVISION
HMRC bulks up compliance division – In the past year alone, HMRC has increased the number of its compliance staff by over 3,000 as it looks to reverse a sharp[…]
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