Inchmead
Travel August 2023
FLY AUGUST '23 EXPECTATIONS, EXPENSES AND ENTERTAINMENT: AN EXCITING TRAVEL UPDATEA special note from Martin Rockman I'm so excited to...
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Inchmead
Aug 31, 20232 min
Switzerland plans register of business owners
The Swiss government has outlined proposals to tighten up anti money laundering rules and create a government register of business...
Inchmead
Aug 31, 20232 min
Property sales drop 16% in a year risking tax take
Residential property sales fell sharply in the past year as months of interest rate rises squeezed first time buyers out of the market...
Inchmead
Aug 30, 20232 min
Plumber jailed for £20k bounce back fraud
A director of a Hampshire plumbing and heating installation company who illegally took out a bounce back loan has been jailed for eight...
Inchmead
Aug 30, 20232 min
Business confidence reduces recession risk
More than half of medium sized businesses are confident about future growth and are performing well, defying inflationary pressures,...
Inchmead
Aug 25, 20233 min
HMRC targets car dealers over £444m in unpaid tax
The automotive sector is facing HMRC scrutiny as dealerships across the UK are being investigated for suspected tax evasion. The...
Inchmead
Aug 25, 20232 min
Londoner faces extradition over US income tax fraud
A UK member of a gang accused of making millions of dollars worth of fraudulent claims for income tax refunds from the US Internal...
Inchmead
Aug 25, 20232 min
Southend United FC given extension to pay £275k tax bill
The owners of Southend United Football Club have been given six weeks to settle an outstanding tax bill for £275,000 The Insolvencies and...
Inchmead
Aug 23, 20233 min
UK accounting watchdog looks to tighten audit independence rules
The Regulator, FRC, is moving to close potential loophole on how much income can be generated from a client The UK accounting regulator...
Inchmead
Aug 23, 20232 min
FTSE 100 bosses given 16% pay rise
The bosses of the UK’s 100 biggest companies saw their pay rise by almost 16% on average last year from £3.38m in 2021 to £3.91m in 2022,...
Inchmead
Aug 21, 20233 min
Britain needs a modern system of motoring taxes
Just as businesses need to adapt to consumer habits, lifestyle changes and technological innovation to protect their revenue streams, so...
Inchmead
Aug 21, 20232 min
Tesco scraps VAT on some feminine products.
Tesco has become the first retailer to cover the cost of VAT on its range of period underwear, following an industry push calling on the...
Inchmead
Aug 18, 20236 min
Employment Bills coming our way from our HR Partners, HR Solutions
There are several Bills which are likely to impact employers over the coming months. Here we provide an A-Z guide on each of the Bills to...
Inchmead
Aug 17, 20233 min
Bross Bagels chain fails with £574k tax debt
The owners of a Scottish bagel chain, known as Bross Bagels, face liquidation owing over £500,000 to HMRC Founder Larah Bross lodged a...
Inchmead
Aug 17, 20232 min
HMRC targets overseas property landlords
As part of a wide-ranging compliance campaign, HMRC has sent letters to non-resident corporate landlords who have failed to pay tax on...
Inchmead
Aug 17, 20232 min
One in 10 SMEs face £45k bill for overdue tax
Corporation tax and VAT are the biggest tax headaches for SMEs with more than 550,000 struggling to pay tax bills Around 10% of SMEs are...
Inchmead
Aug 17, 20233 min
FCA sets out expectations for UK cryptoasset businesses
The FCA sets out their expectations for cryptoasset businesses that need to comply with a change in money laundering legislation...
Inchmead
Aug 16, 20231 min
Inchmead appointed as principal in €27-million fund raise
Inchmead Accountants' Complex Matters Team are appointed by a European AI company to seek €27-million in funding Today, Graham Arnott,...
Inchmead
Aug 15, 20232 min
FCA analysis reveals there are fewer than 1 million interest-only mortgages outstanding
The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new FCA analysis has found. The...
Inchmead
Aug 15, 20232 min
Student loan interest rate up to 7.3%
Student loan repayment interest will revert to an RPI plus 3% increase from December and the rate will rise to 7.3% next month The...
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