The charities regulator for England and Wales, Charity Commission, has accused some auditors of executing poor standards after a study found that only half of charity accounts are meeting the standards set by the watchdog. Charity Commission scrutinised 296 charity...
Landlords are being advised to prepare themselves for potentially significant tax changes coming their way in 2020/21. From 6 April 2020, HMRC is proposing three changes which could increase the capital gains tax paid on the disposal of any residential property by an...
New figures have revealed that self-assessment taxpayers owe HMRC more than £1.6 billion in late payments from 2017/18 alone. Although a record 11.5 million people submitted their tax returns before the 31 January 2019 deadline, not everyone has paid their bill to the...
Fraud costs the UK an incredible £190 billion a year. Sadly for businesses, they bear a significant proportion of this cost with £140bn of these losses being attributed to them. What’s even more worrying is the 2019 Fraudscape report which provides statistics for...
According to new government figures, a record number of estates paid inheritance tax in 2016/17. A 15% rise compared to the previous year’s figure of 24,500, the data shows that more than 28,100 estates were liable for death duties in 2016/17. This continues the trend...
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