News
Director "broke almost every rule" spending "300k at Disneyland
1+ hour, 24+ min ago (196+ words) Calculated and greedy" Cornwall director jailed for using pandemic money on Disneyland, Tenerife rental, Audi, and private school fees Steven Brookes, 40, from Bude in Cornwall, who used six fraudulently obtained bounce back loans worth "300, 000 was jailed for three years and…...
Blue Crest loses "200m tax case
4+ hour, 14+ min ago (193+ words) The UK is no longer a serious contender as a jurisdiction in which to do business," states Blue Crest after tax appeal unanimously rejected by Supreme Court Investment firm Blue Crest Capital Management (UK) LLP has unanimously lost an "200m appeal…...
He doesn't have to prove anything,' defence closes in barrister's "2m tax trial
1+ day, 18+ min ago (228+ words) Defence gives final argument to jury in "2m trial of top tax lawyer, as defendant shares "genuine concern that HMRC don't always play fair' and evidence that "torpedoed the prosecution' The defence has delivered its closing speech to a jury at…...
MP questions "old accountant's trick' in "15bn defence plan
1+ day, 7+ hour ago (209+ words) As Keir Starmer sets out "15bn spending plan, head of influential committee questions "old accountant's trick' in budgeting In what is believed to be one of his last acts as prime minister, Keir Starmer has finally released details on the long-awaited…...
FCA announces sweeping changes for crypto firms
1+ day, 7+ hour ago (157+ words) Significant milestone" for crypto industry as regulator announces sweeping measures, although reforms not taking place until October 2027 In sweeping new measures announced by the Financial Conduct Authority (FCA), from Autumn 2027, crypto firms in the UK must meet financial resilience requirements,…...
UK GAAP changes to lease accounting: part two
1+ day, 7+ hour ago (220+ words) In part two of our new series, Ollie Garrod ACA, accounting expert at Croner, explains the complex changes to lease reporting under UK GAAP with essential tips on how to prepare This is the second in a series of articles…...
Greed, entitlement, and intellectual superiority, prosecution closes in "2m trial of tax barrister
2+ day, 1+ hour ago (205+ words) Prosecutions gives closing argument in "2m trial of top tax lawyer, stating defendant "had a delight in getting one over on HMRC" The prosecution has delivered its closing speech to a jury at Southwark Crown Court, in the "2m trial of tax…...
Newcastle United, treadmill seller and tax firms owe "40m in tax and penalties
3+ day, 2+ hour ago (252+ words) Premier League side Newcastle United Football Club is one of this month's top deliberate tax defaulters, owing HMRC "1. 9m in tax, while accounting firms face "1. 2m in unpaid bills A total of 151 companies from across the UK are on the latest deliberate…...
Corporate hospitality and VAT: what can be claimed?
3+ day, 7+ hour ago (214+ words) As Wimbledon fortnight starts and the England New Zealand test series plays out, VAT expert Neil Warren CTA (Fellow) explains the nuances of VAT relief on corporate hospitality and entertainment costs I recently checked out the price of some cricket…...
Vape shops excluded from Scottish tax relief
6+ day, 1+ hour ago (206+ words) Reform to business rates will exclude high street vape shops from tax relief, as vape industry warns of 'disastrous consequences' Deputy first minister of Scotland, Jenny Gilruth, of the Scottish National Party (SNP), has announced proposals to remove business rate…...