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Category: Uncategorized

BENEFITS OF OUTSOURCING…

Benefits of outsourcing between accounting firms across networks – resource sharing gives firms greater flexibility to adapt to fluctuating workloads and to leverage additional resources when needed

COVID-19 BANK LOAN

Covid-19 bank loan fraud up a third to £1.65bn – UK taxpayers have been forced to cover a larger bill for Covid-19 loan schemes after the number of pandemic business loans flagged for fraud jumped by 43%

HMRC HAS ISSUED GUIDANCE …

HMRC has issued guidance explaining the role of the Tax Disputes Resolution Board (TDRB) when dealing with the largest tax cases involving £100m plus disputes

THOUSANDS OF HMRC STAFF AVOID OFFICE

Thousands of HMRC staff avoid office – Thousands of HMRC staff are continuing to work remotely despite productivity concerns, with some not going into the office at all, according to new figures

Q&A

Q&A: what are the potential tax charges transferring company funds to personal bank account – watch out for s455 tax charges as likely to be viewed as director’s loan by HMRC

AUTUMN STATEMENT SET FOR ??? NOVEMBER

Autumn Statement set for 22 November – some backbench MPs are calling for tax cuts as UK taxpayers face the highest tax burden in decades as thresholds have been frozen for five years until 2028

MARRIAGE TAX LAWS

Marriage tax laws ‘inconsistent and outdated’ – An extension of the payment deadline for capital gains tax on selling assets has not reduced the level of tax complexity for divorcing couples

EY UNDER SCRUTINY FOR WILKO AUDIT

EY under scrutiny for Wilko audit – Big Four firm EY is currently facing backlash for approving the accounts of the collapsed retailer Wilko as a further 52 stores close their doors

OTHER EMPLOYMENT SUPPORT OVER 12 WEEKS

Other employment support over 12 weeks will include advice on how to find jobs, CV writing and application support, as well as one-to-one interview practice, the Department for Levelling Up, Housing and Communities announced.

SOME OF THOSE WHO HAVE FLED THE WAR …

Some of those who have fled the war in their homeland and settled in England, Wales, Scotland and Northern Ireland will be given almost 20 hours of online English learning a week over a period of 10 weeks, the Government said.