Author Archives: Tyler Fisher


Accountancy firm Grant Thornton (GT) has been reprimanded by the Financial Reporting Council (FRC) over an audit for a company called AssetCo. GT will also have to be a fine of £2.3m over the issue. The FRC said GT, and Read more…


tax

International law firm Pinsent Masons say that HMRC’s Large Business Directorate collected £943m from large businesses over the last year, through Accelerated Payment Notices (APNs). APNs are issued to those who are suspected of tax avoidance, and demand the full Read more…


A settlement between Tesco and the Serious Fraud Office has been agreed, and will involve the retail giant paying a £129m fine following their accounting scandal. Sir Brian Leveson approved the deferred prosecution agreement (DPA) on 10 April 2017. The Read more…


tax

Tax investigation insurance specialists PfP say that HMRC has collected an additional £3.3bn from SMEs, after enquiring about underpaid VAT. PfP said that two newly created HMRC units had been tasked with carrying out the investigations: the Individuals & Small Read more…


Tesco will avoid prosecution for overstating profits in 2014, but will have to pay a fine of £129m. Following a two-year investigation, the retailer was able to reach a deferred prosecution agreement (DPA) with the Serious Fraud Office (SFO). The Read more…


Accountancy

The AAT has signed the Women in Finance Charter, a measure designed to promote gender equality in the finance industry, and in signing have become the first major accountancy body to do so. The charter was created in March 2016 Read more…


Tax

£92m was collected by HMRC’s Counter Avoidance Directorate in unpaid Stamp Duty Land Tax (SDLT) according to figures provided by Collyer Bristow, a private client law firm. This figure represents a large decline from the £301.2m that had been collected Read more…


Tax

Online business finance supermarket Funding Options has found that unpaid corporation tax has risen from £1.5bn to £1.8bn in the last year, with many businesses unable to pay the requisite fees. Following the UK’s vote for Brexit, a large number Read more…


A manager works on a tablet as his employees work in the background

The Public Accounts Committee (PAC) has voiced serious fears around the digital plans of HMRC. The PAC’s concerns over multiple factors of the Making Tax Digital (MTD) plan come following its annual examination of HMRC. These worries included tax reliefs, Read more…


ACCA

According to research from Careersinaudit.com, many accountants are wanting to make the switch from practice to commerce, and from commerce to practice. More than 1,300 accountants around the world took part in a survey, which shows that as many as Read more…