K A MOORE

CHARTERED CERTIFIED ACCOUNTANT

News

15/06/2018

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Britain’s Supreme Court ruled on Wednesday that a plumber hired on a self-employed basis was entitled to workers’ rights, in a case that could increase pressure on firms in the gig economy to change their business models.

https://uk.reuters.com/article/uk-britain-politics-employment/supreme-court-rules-plumber-in-gig-economy-entitled-to-worker-rights-idUKKBN1J90ZR

08/06/2018

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Company struck-off the Companies House register

If directors are late in filing their company accounts, and don’t reply to warnings from Companies House, their company can be struck-off the Companies House register and cease to exist.

If Companies House doesn’t receive a response from a company to three reminders sent over a two month period, it will commence proceedings to strike-off the company.

The legal steps in Companies Act 2006, s 1000, due to changes made by the Small Business, Enterprise and Employment Act 2015, s 103, can take only four months.

Therefore; you must act on correspondence received from Companies House otherwise you can lose your company!

Legislation: Companies Act 2006, s 1000 / Small Business, Enterprise and Employment Act 2015, s 103

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Government loses more than £2bn of taxpayers' money selling off RBS shares despite warnings.

Labour told Treasury 'no economic justification' for stake sale.

https://www.independent.co.uk/news/business/news/rbs-share-prices-government-stock-sold-royal-bank-scotland-bail-out-a8383671.html

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EU mandatory tax disclosure rules in force.

HMRC is flagging up changes to the EU mandatory disclosure rules which mean there are new requirements starting this month with intermediaries having to report certain cross border, tax-planning arrangements to tax authorities, in a bid to tackle aggressive tax avoidance.

https://www.accountancydaily.co/eu-mandatory-tax-disclosure-rules-force

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The FRC has brought disciplinary action against Deloitte auditors over their failure to adequately challenge issues with Autonomy’s accounts, which led to a $8.8bn write-down.

https://www.accountancyage.com/2018/06/01/deloitte-faces-disciplinary-action-over-autonomy-accounts-scandal/

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HMRC has revealed it has saved the public over £2.4m by tackling fraudsters that trick the public into using premium rate phone numbers for services that HMRC provide for free.

https://www.accountancydaily.co/hmrc-crackdown-scam-websites-saves-ps24m

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01/06/2018

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The number of higher rate taxpayers in the UK has grown by almost a third, from 3.02m in 2010 to 4.28m for the 2018-19 tax year, according to recent statistics from HMRC, which also show that the number of additional rate taxpayers has grown 39% since the band was introduced in 2010.

https://www.accountancydaily.co/number-higher-rate-taxpayers-grows-29-2010

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THOUSANDS of Pret A Manger workers will be handed a £1,000 bonus when the company's planned sale goes through.

The British sandwich shop, which has 381 stores in the UK, has been bought by Krispy Kreme's owner JAB in a deal worth £1.5billion.

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The number of serious tax evasion cases identified by HMRC has jumped 18% in the last year to 3,809, up from 3,216 in 2016/17, driven by the information the tax authority has received under the common reporting standard (CRS).

https://www.accountancydaily.co/number-serious-tax-evasion-cases-18

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Treasury is no fan of a ring-fenced 'NHS tax'.

http://www.bbc.co.uk/news/business-44235664

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Carillion collapse was a failure of governance at every level

http://www.cityam.com/286483/carillion-collapse-failure-governance-every-level

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Taxman fails to answer four million calls a year, as MPs warn people are not getting the help they need

https://www.telegraph.co.uk/politics/2018/05/29/taxman-fails-answer-four-million-calls-year-mps-warn-people/

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