Budget 2020: IR35 paying for tax cuts
The incoming changes to IR35 are being used to pay for the “generous” tax cuts in today’s budget, according to Smith & Williamson’s employment tax and incentives partner, David Yewdall. “I think a...
View ArticleFRC looks to extend rent concessions for retailers
With many retailers still reeling from the impact of the lockdowns, the Financial Reporting Council (FRC) has proposed extending the application period of requirements that cover the accounting...
View ArticleEconomic crime levy: Relief for SMEs
In the wake of the Budget 2020, the government announced the launch of an economic crime levy (anti-money laundering levy) on businesses, to raise £100m per year to fund ambitious reforms as part of...
View ArticleSelf-employed ‘abandoned’ as IR35 absent from Autumn Statement
The UK government’s failure to address IR35 off-payroll legislation in its Autumn Statement adds to the recent cycle of “bad news” for freelancers and contractors, market participants have said....
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Accountants sceptical as government pledges to regulate umbrella industry
Business secretary Grant Shapps reportedly confirmed in December that plans to establish an umbrella company regulator had been shelved; Shutterstock Fresh UK Government promises to regulate the...
View Article‘Arbitrary’ new R&D threshold could encourage fraud
The newly amended parameters for receiving the maximum level of Research and Development (R&D) tax relief in the UK have the potential to be restrictive and encourage fraudulent claims, market...
View ArticleISSB transition respite will provide ‘more consistency’
The IFRS’ newly-announced transitional reliefs may reduce the burden on companies preparing for the rollout of enhanced sustainability disclosures in January 2024, according Richard Singleton, finance...
View ArticleMaster the art of end-of-year prep for Limited Company clients
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View ArticleIndustry Insight: Top fraud and bribery risks for pharmaceutical and life...
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View ArticleICAEW proposes major £2 million minimum for Professional Indemnity Insurance
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