UK borrowing costs hit 16-year high as pound slumps
Budget

UK borrowing costs hit 16-year high as pound slumps

2y Accountancy Age

UK borrowing costs hit 16-year high as pound slump...

Accountants urged to monitor fiscal impact amid rising debt concerns Read More...

View article
2025: Can accountants turn the tide on trust and growth?
2025 Predictions

2025: Can accountants turn the tide on trust and growth?

2y Accountancy Age

2025: Can accountants turn the tide on trust and g...

As 2025 dawns, accountants find themselves at the heart of an economy still navigating the aftershocks of a global pandemic, seismic political shifts,...

View article
A £1.13bn problem: HMRC’s crackdown on R&D tax errors
Corporate Tax

A £1.13bn problem: HMRC’s crackdown on R&D tax errors

2y Accountancy Age

A £1.13bn problem: HMRC’s crackdown on R&D tax err...

HM Revenue & Customs (HMRC) has launched a voluntary disclosure initiative aimed at companies that have overclaimed research and development (R&am...

View article
Get the latest analysis and reports delivered to your inbox daily
AI, sustainability and regulatory push set to transform Pharma in 2025
Budget 2024

AI, sustainability and regulatory push set to transform Pharma in 2025

2y Nigel Layton, Partner, Global Head of Pharma and Life Sciences at Forvis Mazars

AI, sustainability and regulatory push set to tran...

The pharma and life sciences industry faces a dynamic year ahead, driven by AI, sustainability, and evolving regulations. Stricter ESG reporting and ...

View article
Sector Spotlight: What does the Budget mean for the life sciences sector in 2025?
Budget 2024

Sector Spotlight: What does the Budget mean for the life sciences sector in...

2y Nigel Layton Partner, Head of Pharma & Life Sciences at Forvis Mazars

Sector Spotlight: What does the Budget mean for th...

As we step into 2025, the effects of the Autumn Budget 2024 will start to take shape, leaving businesses in the Pharma and Life Sciences sector grappl...

View article
UK Government announces permanent business rates cut for highstreet
Budget

UK Government announces permanent business rates cut for highstreet

2y Accountancy Age

UK Government announces permanent business rates c...

To fund this sustainably, the top one percent of high-value properties, such as large warehouses used by online giants will be asked to pay more to su...

View article
Why are only 20% of businesses prepared for climate-related disasters?
Business

Why are only 20% of businesses prepared for climate-related disasters?

2y Accountancy Age

Why are only 20% of businesses prepared for climat...

A new report from the Association of Chartered Certified Accountants (ACCA) has revealed a concerning lack of preparedness among businesses and organi...

View article
Everything you need to know about the UK Finance Bill 2025
Economy

Everything you need to know about the UK Finance Bill 2025

2y Accountancy Age

Everything you need to know about the UK Finance B...

The UK’s tax landscape faces its most significant overhaul in decades with the new Finance Bill potentially marking the end of non-dom tax statu...

View article
Reeves' Budget could be a financial squeeze that forces GPs to the edge
Budget

Reeves' Budget could be a financial squeeze that forces GPs to the edge

2y Katie Collin, Partner, Ramsey Brown

Reeves' Budget could be a financial squeeze that f...

Before the Budget, Speaker of the Commons Sir Lindsay Hoyle criticised the Chancellor for her readiness to chat to the media and openly disclose the c...

View article
Budget Snapshot: The green agenda that looks beyond the tax breaks
Budget

Budget Snapshot: The green agenda that looks beyond the tax breaks

2y Accountancy Age

Budget Snapshot: The green agenda that looks beyon...

The UK government’s Autumn Budget 2024 has placed a strong emphasis on sustainability, with significant funds directed towards green investment initia...

View article
Budget Focus: MTD ITSA expands to sold traders and landlords
Budget 2024

Budget Focus: MTD ITSA expands to sold traders and landlords

2y Accountancy Age

Budget Focus: MTD ITSA expands to sold traders and...

In the latest Autumn Budget, the UK government doubled down on its commitment to digitalising tax processes, announcing that Making Tax Digital for In...

View article
Budget Focus: Do we really need 1800 new HMRC debt collectors?
Budget

Budget Focus: Do we really need 1800 new HMRC debt collectors?

2y Accountancy Age

Budget Focus: Do we really need 1800 new HMRC debt...

The UK Autumn Budget of 2024 has sharpened the focus on reducing the tax gap by amplifying both financial pressure on overdue tax payments and enforce...

View article
Autumn Budget 2024: Industry reactions
Budget

Autumn Budget 2024: Industry reactions

2y Rachael Kennedy

Autumn Budget 2024: Industry reactions

Following the UK Budget announcement, key figures across finance, tax, and business have responded to the Chancellor’s measures, highlighting potentia...

View article
Will Labour's Budget clip the wings of R&D tax credits?
Budget

Will Labour's Budget clip the wings of R&D tax credits?

2y Accountancy Age

Will Labour's Budget clip the wings of R&D tax cre...

As Chancellor Rachel Reeves gears up to unveil Labour’s first budget, speculation is rife about the fate of one of the most influential financial ince...

View article
Over half of accountants call for tax reforms to support small businesses
Brexit & Economy

Over half of accountants call for tax reforms to support small businesses

2y Accountancy Age

Over half of accountants call for tax reforms to s...

Accountants are calling on the new Labour government to provide more support for UK small businesses by introducing legislative reforms and simplifyin...

View article
A chartered accountant’s message to government
Brexit & Economy

A chartered accountant’s message to government

2y Alan Vallance, CEO, ICAEW

A chartered accountant’s message to government

As CEO of chartered accountancy body ICAEW, Alan Vallance shares his message to Rachel Reeves that an urgent review of the UK’s tax system is needed, ...

View article
Rachel Reeves' Budget is coming: What are accountants seeing in their crystal balls?
Budget

Rachel Reeves' Budget is coming: What are accountants seeing in their cryst...

2y Accountancy Age

Rachel Reeves' Budget is coming: What are accounta...

As the UK awaits Chancellor Rachel Reeve’s Autumn Budget on October 30th, 2024, accounting firms are forecasting sweeping changes to the tax lan...

View article
Taxpayers spent over 700 years on hold with HMRC as wait times worsen
HMRC

Taxpayers spent over 700 years on hold with HMRC as wait times worsen

2y Accountancy Age

Taxpayers spent over 700 years on hold with HMRC a...

Taxpayers in the UK collectively spent more than 719 years on the phone waiting to speak with HM Revenue and Customs (HMRC) in the year ending June 30...

View article
Is the R&D tax credit regime still fit for purpose?
HMRC

Is the R&D tax credit regime still fit for purpose?

2y Nigel Layton, Partner and Head of Pharma & Life Sciences at Forvis Mazars

Is the R&D tax credit regime still fit for purpose...

Recent developments suggest that the R&D tax credit regime, established almost 25 years ago to support innovative UK businesses, is facing critica...

View article
IFS calls on Labour for ‘serious reforms’ of capital gains tax
Budget

IFS calls on Labour for ‘serious reforms’ of capital gains tax

2y Accountancy Age

IFS calls on Labour for ‘serious reforms’ of capit...

As Labour prepares for its first Budget under Chancellor Rachel Reeves, the Institute for Fiscal Studies (IFS) is urging the party to pursue sweeping ...

View article
BoE holds rates but signals cautious approach to inflation
Brexit & Economy

BoE holds rates but signals cautious approach to inflation

2y Rachael Kennedy

BoE holds rates but signals cautious approach to i...

The Bank of England’s Monetary Policy Committee (MPC) voted 8-1 to maintain the Bank Rate at 5% in its September meeting, underscoring the centr...

View article
Can employers expect announcements in the upcoming Budget that increase employee costs?
Business

Can employers expect announcements in the upcoming Budget that increase emp...

2y Susan Ball and Charlie Barnes

Can employers expect announcements in the upcoming...

Chancellor Rachel Reeves has issued warnings about a £22bn “black hole” in public finances, suggesting that further measures may be necessary. Whilst ...

View article
HMRC increasingly pursuing company directors to pay tax bills of insolvent businesses
Corporate Tax

HMRC increasingly pursuing company directors to pay tax bills of insolvent ...

2y Accountancy Age

HMRC increasingly pursuing company directors to pa...

HMRC is increasingly pursuing company directors (and other individuals connected with the management of companies) to pay outstanding tax bills that a...

View article
UK Government introduces urgent measures to tackle local audit crisis
Audit

UK Government introduces urgent measures to tackle local audit crisis

2y Accountancy Age

UK Government introduces urgent measures to tackle...

The UK government has tabled new legislation in Parliament on September 9, 2024. The Accounts and Audit (Amendment) Regulations 2024, set to come into...

View article
UK losing billions to Small Business tax evasion, NAO report finds
Corporate Tax

UK losing billions to Small Business tax evasion, NAO report finds

2y Accountancy Age

UK losing billions to Small Business tax evasion, ...

A new report from the National Audit Office (NAO) has revealed that the UK is losing billions of pounds annually due to tax evasion, with small busine...

View article
HMRC'S annual report is out - Here's what you need to know
HMRC

HMRC'S annual report is out - Here's what you need to know

2y Accountancy Age

HMRC'S annual report is out - Here's what you need...

Accountants are no strangers to poring over lengthy financial documents and annual reports. However, even the most seasoned professionals can benefit ...

View article
Confidence among global accountants rises again in Q2 2024, despite a big drop in sentiment in the US
Economy

Confidence among global accountants rises again in Q2 2024, despite a big d...

2y Jonathan Ashworth, Chief Economist, ACCA

Confidence among global accountants rises again in...

The ACCA and IMA Global Economic Conditions Survey (GECS) suggests that global confidence among accountants and finance professionals improved slightl...

View article