Accountancy Daily

1 week ago | accountancydaily.co | Sara White

With less than 80 days to the rollout of Making Tax Digital for VAT, a number of professional institutes, inlcuding AAT, ACCA, ATT, CIOT and STEP, have released initial engagement letters defining client relationships under the new digital reporting framework The document contains information to assist members when working with or advising clients who are undertaking VAT activities under HMRC’s new Making Tax Digital systems and was created by a joint working party set up by the professional...

1 week ago | accountancydaily.co | Sara White

P&O Ferries has appointed a small Oxfordshire firm, Just Audit & Assurance, to handle £1.3m audit after KPMG resigned in March, as it says fee will be a million lessJust Audit & Assurance claims it can cut the audit fee to £265,000, criticising KPMG’s fee as a ‘stupidly high number’. The Big Four firm resigned as auditor of P&O Ferries and parent company, P&O Ferries Division Holdings Ltd, after continued major delays to filing annual accounts for several years.

2 weeks ago | accountancydaily.co | Sara White

In a bid to improve social mobility across the accountancy sector, top 10 firm Forvis Mazars  has launched its own foundation to support people under 25The Forvis Mazars Foundation UK has been set up as a registered charity and will be funded by an annual £400,000 donation from the firm’s partnership and will support charities across the UK that work with young people aged up to 25.

2 weeks ago | accountancydaily.co | Sara White

A six-month run of strike action at HMRC’s office outside Newcastle is over, but HMRC refused to reinstate sacked staff leaving PCS union considering next stepsThe strikes started last December at Benton Park View after three staff, who were elected union reps for the Public and Commercial Services Union (PCS), were dismissed by HMRC for trade union activity.

2 weeks ago | accountancydaily.co | Will Drysdale

After failing to appear before the court to pay the tax bill or declare he did not have the means to pay, a former footballer and pundit has been issued a bankruptcy orderA £36,424 tax debt that cannot be paid by former England, West Ham and Manchester City footballer, Trevor Sinclair, 51, has forced the sports pundit into bankruptcy. On Thursday 12 June, Sinclair was made bankrupt after a High Court judge ruled he did not have the money to pay the debt.