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
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 ever given and designed as a ‘serious deterrent’
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
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 decline in tax revenue, according to Price Bailey
Ex-MP loses appeal against prison sentence – A former MP who was jailed after trying to claim £52,000 of parliamentary expenses through a fictitious autism charity has lost a Court of Appeal bid to challenge his sentence
Dual recognition for UK and New Zealand auditors – ‘ensures a more efficient pathway for senior auditors to work in both countries, boosting access to a wider pool of auditors, while upholding high professional standards
Lords inquiry to examine impact of proposals for increased prison terms for tax fraud, merged R&D tax relief scheme and wider HMRC data collection powers – three-week window to respond to Lords Finance Bill Sub-Committee
Capital Accountants was established in 1993. We are a firm of financial accountants based in North West London although we serve clients from all around the UK and as far places as Germany, USA and the Middle East.