HMRC raises late payment interest from 23 August
standfirst: Following the latest increase in the Bank of England base rate to 1.75%, HMRC will raise interest rates on late tax bills by 0.5% This means that the late […]
IFRS 9 exemption for local authorities under review
The government is consulting on plans to extend a statutory exemption on certain aspects of asset reporting under IFRS 9 Financial Instruments by public authorities The current wai
People in the news: Old Mill, Deloitte, PwC, RSM, Interpath
In this week’s accountancy career moves, partner promotions at RSM, PwC and Interpath, real estate specialist at Deloitte and raft of promotions at Old Mill Old Mill has promoted
Growth contracted by 0.1%
GDP fell by 0.1% in June 2022 as the impact of the Jubilee bank holidays weighed on growth figures, although business investment held up Business investment increased by 3.8% in [&
One in four accountants criticise poor training
Accountants are leaving the profession in record numbers, with over a quarter (28%) feeling like they lack the proper training to do their job With a greater economic uncertainty,
Class barriers dominate finance sector
Employees from professional backgrounds are 43% more likely to be working in senior level jobs across financial services and the accountancy sector compared to their working-class
HMRC warning on how to spot umbrella companies
HMRC has updated guidance on how to spot a fraudulent umbrella company abusing the VAT flat rate scheme and employment allowance to avoid taxes Often employees are signed up to [&h
Over 650,000 bonuses paid through ISA scheme
So far this year over £35m of bonuses have been paid out to first-time buyers purchasing over 17,500 properties Around £750m bonuses have been paid since the launch of the [&hell
Azets acquires medical accountants Sandisons
Azets has agreed a deal to acquire Sandisons in Dorset, a specialist provider of medical accounting services This is Azets’ fourth UK acquisition in seven months, as the UK Top [
Director of £360k gold trading investment scam banned
Investors lost £360,000 after a gold trading venture, Sutter Capital Ltd promised annual returns between 15% and 22%, but failed to return any gains or keep adequate accounting re
