Inchmead
FRC waters down changes to Corporate Governance Code
The Financial Reporting Council has abandoned the majority of planned changes to the Corporate Governance Code, including tougher...
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Inchmead
Nov 7, 20232 min read
WeWork files for bankruptcy in US
WeWork, the flexible work space provider, has filed for Chapter 11 bankruptcy in the US but will continue to operate as normal in the UK...
Inchmead
Nov 3, 20232 min read
Buy to let landlords earned £48.8bn from property
Total property income declared by unincorporated landlords in 2021-22 was £48.8bn, up from £46.3bn the previous year HMRC figures showed...
Inchmead
Nov 3, 20232 min read
La Perla faces closure over unpaid £2.8m tax bill
Luxury lingerie company La Perla is going to be wound up after it failed to pay a £2.8m tax bill to UK tax authorities HMRC went to the...
Inchmead
Oct 30, 20232 min read
HMRC catches website scammer 6,500 miles away
Cybercrime experts at HMRC have helped bring down a prolific fraudster who sold criminals software to scam UK taxpayers HMRC worked with...
Inchmead
Oct 30, 20233 min read
Small companies will have to report P&L figures
The government is going ahead with plans to tighten up the accounts filing framework for small companies with mandatory profit and loss...
Inchmead
Oct 26, 20233 min read
McVitie’s must pay 20% VAT on Blissfuls biscuits
HMRC has won the latest case about VAT on 'chocolate' biscuits as First Tier Tribunal rules that McVitie’s Blissfuls are liable for VAT...
Inchmead
Oct 26, 20233 min read
Warning on tax liability as state pension rises
HMRC is writing to taxpayers who will incur a tax liability on their state pensions removing them from self assessment, but are providing...
Inchmead
Oct 13, 20235 min read
KPMG fined £21m for ‘seriously deficient’ Carillion audits
Big Four audit firm KPMG has been fined a record £21,420,000 for ‘exceptional’ and ‘seriously deficient’ audit work related to collapsed...
Inchmead
Oct 13, 20233 min read
Business insolvencies rise 17% on last year
Business insolvencies rise 17% on last year The worst hit sectors were construction, manufacturing and retail industries, reflecting the...
Inchmead
Oct 11, 20231 min read
HMRC clarifies tax on home charging of company cars
HMRC has amended guidance on the tax treatment of electric charging of company cars and vans at residential properties The costs of...
Inchmead
Oct 9, 20232 min read
Businesses call for one Budget not two fiscal events
Manufacturers are calling on the Chancellor to reform the UK’s business taxes and create one annual fiscal event, rather than the current...
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