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Companies or partnerships can be found guilty of a criminal charge, where someone associated with that business has facilitated tax evasion, and where they have not done enough to prevent this from occurring.
Highlights from the broader tax news for the week ending 6 July 2022, including: L-Day; tax credit renewals; ID for government gateway; HMRC survey on forms; residence indicator tool; CHIEF closed to new importers; and an updated partial exemption toolkit.
In its response to HM Treasury’s policy paper on options for reforming plant and machinery allowances, ICAEW’s Tax Faculty sets out ideas to make the regime more targeted and to help the government meet its other policy objectives.
Sharp declines in animal and plant species are threatening financial ruin for 26 countries, according to nature-focused sovereign debt study.
HMRC’s response to ICAEW and other professional bodies points to improvements made, albeit from a very low baseline. The performance dashboard is now live and confirms that there are continuing delays in dealing with correspondence.
Further to an April Environmental Audit Committee report, the government confirmed on 16 May that it would consult on implementing a domestic carbon border adjustment mechanism to address carbon leakage.
Draft notices cover: the use of functional compatible software, information required in quarterly updates, information required in end of period statements, and retail sales elections.
Evading sanctions should be harmonised as a criminal offence across the entire EU, according to Brussels proposals. What does this mean for the accounting profession?
Businesses that brought goods into Great Britain from the EU between 1 January 2021 and 31 December 2021 must contact HMRC if they chose to delay making a declaration for those goods and have not yet made a supplementary declaration.
Insurance sector regulations that govern the capital treatment of investments into green infrastructure projects, such as offshore wind, must be reformed to combat climate change, say industry experts.
Two high profile cases of greenwashing investments have raised concerns it is the next mis-selling scandal, even as new rules governing ESG investing are due to come into force.
Proposed law changes around corporate data protection measures appear to pave the way for a more relaxed regime – but is that really the case?
ICAEW will be holding its first virtual course on issues arising from property transactions, aimed at those who are new, needing a refresher or with an interest in moving into the sector.
Hybrid working is a clear favourite among employees, but organisations must devise strategies for inclusion and keep staff engaged and motivated on an on-going basis, PwC research finds.
Our chart this week looks at the results of last year’s census, illustrating how the population of southern and central England has grown much faster than in the north of England and in Wales over the past decade.