The amount of money raised by HMRC from inheritance tax reached £4.72bn in the last year, rising 17 per cent on the previous year. This figure is a staggering 91 per cent higher than it was in 2009/10, helped by Read more…
Category Archives: News
A new graduate recruitment process is being introduced by KPMG, as the accountancy firm looks to make it more suited to millennials, following criticism over the lengthy recruitment process they face after university. Applicants will end up finding out whether Read more…
The Institute of Chartered Accountants in England and Wales (ICAEW) has submitted an application to become a regulator of five reserved legal services, although the institute is restricted to the area of taxation in three of these. Two years ago, Read more…
A number of the June 2016 ACCA papers saw an increase in pass rates, according to the accountancy body, while the most recent ICAEW exams saw a record-high number of ACA students pass. The professional level ICAEW exams were taken Read more…
Accountancy company Deloitte has produced a new report indicating that more than 25 per cent of jobs in the UK’s business services sector face being taken over by robots within 20 years. In the next two decades, around 800,000 to Read more…
Argentinian footballer Lionel Messi has been sentenced by a Spanish court to 21 months in prison, after being found guilty of tax fraud, along with his father Jorge. However, Messi, who plays for Barcelona, is unlikely to actually spend time Read more…
Four men have been jailed for 27 years in total, after being found guilty of a £100m tax scam which promised investors that they could legally reduce their tax bill while benefitting the British film industry, HMRC has said. Accountant Read more…
Research has revealed that HMRC saw the number of serious tax evasion cases in 2015/16 increase by 8 per cent, with nearly 3,000 suspicious activities being referred for specialist investigations. Local HMRC offices identified 2,972 cases of serious tax evasion, Read more…
In partnership with CSOEC (Conseil Superiéur Ordre Des Experts-Comptables), the global accountancy body ACCA (the Association of Chartered Certified Accountants) has launched a new Certificate in Business Valuations. This qualification is available to professionals all over the world who want Read more…
An investigation has been launched by the Financial Reporting Council (FRC) over Deloitte’s handling of accounts for Serco, following information produced by a Serious Fraud Office (SFO) investigation into criminal tagging contracts. The ‘big four’ accountancy firm is being investigated Read more…
