Accountancy & Finance
LSBF News
HMRC receives £5.5bn from 43% capital gains jump
A succession of increases in the Capital Gains Tax (CGT) rate, combined with the removal of CGT reliefs, has seen…
HMRC issues guidance document explaining changes to Gift Aid
HM Revenue and Customs (HMRC) has issued new guidance to charities regarding the changes to Gift Aid. The new rules…
New HMRC repayment policy could delay tax refunds
Taxpayers might have to wait months for refunds if they pay their dues to HM Revenue and Customs (HMRC) using…
UK PAYE and self-assessment tax gap has increased to £8.5bn, reveals study
HM Revenue and Customs (HMRC) PAYE and self-assessment tax gaps have increased over the past 12 months, according to a…
UK requires new approach for business to deal with tax non-compliance issues, says CIOT
The Chartered Institute of Taxation (CIOT) says that the UK's new IR35 income tax and National Insurance contributions legislation requires…
Accountancy firms lose confidence about future growth prospects, reveals report
The UK's accountancy sector is seeing confidence plunge as more firms become more pessimistic about their future prospects compared to…
HMRC Charter committee looks for independent members
HM Revenue and Customs (HMRC) are looking for independent members to give an oversight of tax authority by joining the…
Europe's top court gives bitcoin VAT exemption
Taxpayers that exchange national currencies for bitcoins, the virtual currency, will not have to pay value-added tax says The European…
Business must be open about tax affairs, says CBI
Businesses must make more effort to show that their tax affairs are legal and above board to the public, says…
Accountancy giant Grant Thornton reports £521m UK fee income
The financial year ending 30 June 2015 saw UK accountancy firm Grant Thornton report a 1.6% year-on-year increase, achieving a…
Shake up at ICAEW with new independent regulatory board
The Institute of Chartered Accountants in England and Wales (ICAEW) is shaking up its regulatory arrangements to highlight issues surrounding…
Capital requirements might be doubled for investment firms
According to new research from KPMG, nearly half of all investment firms could be forced to double their capital requirements.…