The number of FTSE 100 companies seeking pay rises for their chief executives has increased, according to analysis by Deloitte, with 16 firms planning to revamp pay policies this year.
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#FTSE100 #accounting

The International Ethics Standards Board for Accountants has released a set of ethical standards for business tax planning in response to concerns over tax avoidance by multinational companies.
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IESBA
#accounting #accountants #tax #tax avoidance

Tax inspectors have overpaid themselves more than £12m in the last 10 years, according to the Telegraph. Some inspectors were mistakenly overpaid by more than £1,000 in a single year.
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#HMRC #accounting #tax

London's fintech 'supremacy' is at risk of being lost to New York, according to the UK CEO of Revolut.
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Revolut
#finance #accounting

Do-it-yourself #investment platforms have reportedly been blocking the purchase of investment trusts. The trusts affected are all alternative-focused, meaning they invest in illiquid assets such as infrastructure and private companies.
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#accounting

The candidates shortlisted to become PwC's next UK senior partner - Hemione Hudson, Laura Hinton and Marco Amitrano - will take part in hustings in London, Manchester and Dubai.
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#accounting #accounting firms #PwC

The Financial Times considers debate over inheritance taxes, noting that they collect very little revenue. In 2019, IHT accounted for just 0.5% of total tax revenues on average across countries that tax inheritances.
ft.com

#tax #accounting

Dame Margaret Hodge, chairwoman of the All-Party Parliamentary Group on Anti-Corruption and Responsible Tax, says Britain has 'long presided' over a network of offshore #tax havens that have become 'hubs for economic crime, tax evasion and illicit wealth.'
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With deputy Labour leader Angela Rayner making headlines due to questions over whether she paid the correct amount of capital gains tax on a property, the Telegraph says it is important to understand how CGT is charged.
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#tax #accounting

Telegraph's financial stability at risk if Barclay family regains control
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#tax #accounting

The typical worker in England will pay nearly £50,000 more income tax over their career compared to three years ago, according to analysis by TaxBite.
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#tax #accounting #tax freeze

The Bank of England has replaced KPMG as its #auditor after almost two decades, appointing @EYnewsY as its new external auditor following a 'competitive tender process.' #KPMG , which had been the Bank's auditor since 2006, will work with #EY to ensure a smooth transition.

The UK has become the world’s fourth largest exporter, according to statistics from the UN Conference on Trade and Development (UNCTAD).
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#economy #finance

Companies will have to publish standardised operating profit figures from 2027 under new requirements from the International Accounting Standards Board (IASB).
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#IASB #accounting #finance

Labour has appointed an expert panel to advise the party on ways to tackle tax avoidance and how to modernise the tax office, which has come under fire from MPs for failing to claw back vast sums that are owed.
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#tax avoidance #tax #accounting

Labour has pledged to close the £36bn tax gap by cracking down on the non-dom tax status loophole and bolstering HMRC's compliance squads.
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#tax #tax gap #accounting

It has been suggested that HMRC's battles with BBC stars over the controversial IR35 rules have contributed to a crisis in self-employment.

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#accounting #HMRC

Voters are sceptical of the Conservatives' promises to cut taxes if they are re-elected. A YouGov poll suggests that 41% of voters think taxes will increase at the next election should the Conservatives win, while only 13% think they would go down.

#tax #accounting #elections

Shadow Chancellor Rachel Reeves says Labour is planning an inheritance tax raid on wealthy non-doms, with the party looking to raise £2.6bn a year over the course of the next parliament by closing tax loopholes.

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#tax #accounting #tax loopholes

One of Britain's Big Four professional services firms, EY, has been chosen to conduct a skilled-person review into historical commission arrangements on car loans as part of the Financial Conduct Authority's (FCA) investigation into the motor finance market.

#EY #BigFour