Latest Accounting News for the UK Accountancy Profession

Accountancy Profession is an accountancy news aggregation site created by accountants for accountants

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Accountancy Age

  • newLivingston FC deducted points after tax failure

    Livingston FC deducted points after tax failure

    Accountancy Age FIVE points have been deducted from Scottish Championship side Livingston FC after its failure to pay tax on player bonuses during the 2010/11 season. The club also admitted failing to notify the Scottish Professional Footba…
    Published - 8 hours ago, 25 Nov 14, 10:52am
  • newBritish Accountancy Awards 2014 - Live Blog

    British Accountancy Awards 2014 - Live Blog

    Accountancy Age   // ...
    Published - 21 hours ago, 24 Nov 14, 9:29pm
  • Backlog of tax disputes reaches record high

    Backlog of tax disputes reaches record high

    Accountancy Age HMRC's high profile clamp-down on suspected tax avoidance has pushed the backlog of tax disputes waiting to be heard to a new record high of 27,246, with a particular surge in the number of high value cases lodged with the Up…
    Published - 1 day ago, 24 Nov 14, 12:13pm
  • Claims consultant banned for compensating himself ahead of HMRC

    Claims consultant banned for compensating himself ahead of HMRC

    Accountancy Age A CLAIMS consultant has been disqualified as a company director for six years for failing to pay tax but paying himself instead. The disqualification, which follows an investigation by the Insolvency Service, means that Richa…
    Published - 1 day ago, 24 Nov 14, 12:03pm
  • BDO picks up audit of Vimto makers Nichols

    BDO picks up audit of Vimto makers Nichols

    Accountancy Age BDO has been appointed auditors to Vimto makers Nichols following a competitive pitch process. The mid-tier firm was up against a Big Four rival for the audit of the AIM-listed business based in Newton-le-Willows Tim Croston,…
    Published - 1 day ago, 24 Nov 14, 11:28am
  • 'Tears' will follow Scottish tax devolution plans, warns Darling

    'Tears' will follow Scottish tax devolution plans, warns Darling

    Accountancy Age DEVOLVED income tax powers for Scotland will lead to "floods of tears", former chancellor Alistair Darling has warned. Darling said that prime minster David Cameron had linked the handing over of the power to Scotland with th…
    Published - 1 day ago, 24 Nov 14, 10:02am
  • Industry gives cautious welcome to HMRC DRD backtrack

    Industry gives cautious welcome to HMRC DRD backtrack

    Accountancy Age FOLLOWING HMRC's dramatic climbdown over its controversial plans to take outstanding tax debts directly from people's bank accounts, the accounting industry has been quick to react. Advisers seem relieved at the move, despite…
    Published - 4 days ago, 21 Nov 14, 5:03pm
  • NAO: Treasury and HMRC ‘lack framework’ for tax reliefs

    NAO: Treasury and HMRC ‘lack framework’ for tax reliefs

    Accountancy Age HM TREASURY AND HM REVENUE & CUSTOMS have failed to establish a framework or principles to adequately guide the administration of tax reliefs, according to a report from the National Audit Office. The Exchequer department doe…
    Published - 4 days ago, 21 Nov 14, 12:40pm
  • Council investigated by financial police after PKF audit report

    Council investigated by financial police after PKF audit report

    Accountancy Age A YORKSHIRE COUNCIL is being probed by police following a damning audit report. PKF Littlejohn discovered that Keighley Town Council may have taken "unlawful actions" and acted "without consideration of its legal powers" - pr…
    Published - 4 days ago, 21 Nov 14, 11:47am
  • HMRC's draconian DRD plans diluted after wave of opposition

    HMRC's draconian DRD plans diluted after wave of opposition

    Accountancy Age HMRC's highly controversial plans to remove outstanding tax debts directly from people's bank accounts have been severely weakened after it caved in to massive pressure from the accounting, banking and charity sectors. The Tr…
    Published - 4 days ago, 21 Nov 14, 11:38am
MyFirmsApp

AccountingWEB uk

PwC

Deloitte

KPMG

IFRS Foundation

IAS Plus

  • newIASB proposes amendments to IFRS 2 to clarify the classification and measurement of share-based payment transactions
    The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) of proposed amendments to IFRS 2 'Share-based Payment' that would clarify the classification and measurement of share-based payment transactions. The ED addresse…
    Published - 4 hours ago, 25 Nov 14, 3:00pm
  • newIASB issues work plan update for November 2014
    Following its November meeting, the International Accounting Standards Board (IASB) has updated its work plan. The revised plan adds a target date for amendments to IFRS for SMEs (Q1 2015) and a timeframe for the comment letter analysis (Q1 2015) on…
    Published - 22 hours ago, 24 Nov 14, 8:25pm
  • November 2014 IFRS Interpretations Committee meeting notes — Part 3 (concluded)
    The IFRS Interpretations Committee met in London on 11 November 2014. We've posted the Deloitte observer notes for the sessions on IAS 12, IAS 19, IFRS 5, and IFRS 11.
    Published - 1 day ago, 24 Nov 14, 4:20pm
  • November 2014 IASB meeting notes — Part 1
    The International Accounting Standards Board (IASB) met at its offices in London on 19-20 November 2014. We have now posted the Deloitte observer notes from Wednesday's session on IFRS for SMEs as well as Thursday's session on leases. Additional note…
    Published - 4 days ago, 21 Nov 14, 8:35pm
  • IFRS Foundation updates its IFRS Research Centre site
    The IFRS Foundation has announced a revamp of its IFRS Research Centre web pages. The updates to the site include a more intuitive layout and new content for evidence-supported standard-setting, research opportunities, research impact, and news and e…
    Published - 4 days ago, 21 Nov 14, 5:00pm
  • November 2014 IFRS Interpretations Committee meeting notes — Part 2
    The IFRS Interpretations Committee met in London on 11 November 2014. We've posted the Deloitte observer notes for the sessions on IAS 2, IAS 16, IAS 21, IAS 39, IFRS 10, and IFRS 12.
    Published - 5 days ago, 20 Nov 14, 9:10pm
  • Summary of the discussions at the second ITCG meeting
    The IASB's IFRS Taxonomy Consultative Group (ITCG) held its second meeting on 28 October 2014. The IASB has now published on its website meeting notes from that meeting.
    Published - 5 days ago, 20 Nov 14, 1:05pm
  • Latest edition of EFRAG Insider
    The European Financial Reporting Advisory Group (EFRAG) has published a new edition of the publicly available newsletter 'EFRAG Insider'.
    Published - 6 days ago, 19 Nov 14, 10:05am
  • 16th ESMA enforcement decisions report released
    The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IAS 1, IAS 7, IAS 12, IAS…
    Published - 7 days ago, 18 Nov 14, 4:00pm
  • IFRS Foundation appoints two Trustees
    The IFRS Foundation has announced the appointments of Alan Beller and Werner Brandt as Trustees of the IFRS Foundation. The appointments will begin on 1 January 2015 and will expire on 31 December 2017.
    Published - 7 days ago, 18 Nov 14, 11:15am

IFAC

Companies House - News

HMRC - What's New

Accountant Jokes and Fun

  • Scary Tax Movies
    Many thanks to @Freeagent for prompting twitter users to suggest #ScaryTaxMovies this Halloween.I've picked some of the best suggestions:Tax Return of the Living Dead - +PracticeWEB LtdSilence of the ledgers - +slackbladder35Taxes Chainsaw Massacr…
    Published - 25 days ago, 31 Oct 14, 3:54pm
  • 'Born to the m-i-i-i-i-i-ld' (To the tune of Steppenwolf's 'Born to be Wild')
    Calculator runningTotalling invoicesLooking at debenturesAnd all other finance choicesYeah darling, gonna make it add upPut the world in a big spreadsheetDo all of my sums at once andLeave it really neatSome find accounts frightnin’Leaves them full…
    Published - 55 days ago, 1 Oct 14, 9:51am
  • It's official: HMRC writes "ridiculous" "nonsense"
    Given this is a fun blog it's not usual for me to reference the decision in a tax tribunal. But it was impossible to resist when I heard about what the tribunal said.Mr South was appealing against a late filing penalty in respect of his tax return fo…
    Published - 67 days ago, 19 Sep 14, 10:15am
  • An accountant with a STANDOUT way of describing himself
    The way Mark Asquith, Managing Director of Asquith & Co, describes himself, on the meet the team page of his website, certainly makes him stand out. I'm referring especially to the table beneath the more conventional opening paras:I have been working…
    Published - 74 days ago, 12 Sep 14, 9:04am
  • A truly taxing palindrome
    Sex at noon taxes
    Published - 81 days ago, 5 Sep 14, 8:56am
  • Tax flags
    A British guy was chatting with his American friend and was jokingly explaining about the red, white and blue in our National flag."Our flag symbolises our taxes," he said. "We get red when we talk about them, white when we get our tax bill, and blue…
    Published - 88 days ago, 29 Aug 14, 8:53am
  • When a young accountant bought a donkey
    Many years ago a young accountant, Warren, moved to the country and bought a donkey from an old farmer for £200.The farmer agreed to deliver the donkey the next day. When he drove up the farmer said: "Sorry son, but I have some bad news. The donkey…
    Published - 95 days ago, 22 Aug 14, 8:46am
  • Very thick skinned accountant wanted by boss of Ryanair
    I was amused by this headline in The Times: Wanted by Ryanair: accountant, very thick-skinned.Rarely does an accountancy job qualify as a hazardous posting in a hostile environment. However, there is a vacancy for a personal aide to the notoriously…
    Published - 99 days ago, 18 Aug 14, 10:00am
  • Death and Taxes and Zombies
    The following academic paper was brought to my attention after I tweeted a link to a newspaper report that incorrectly implied that more and more people are being 'hit' by inheritance tax while they are still alive.This article fills a glaring gap in…
    Published - 18 Jul 14, 8:33am
  • All accountants are.......?
    When you start searching in Google the clever little thing offers to complete your search string. In effect the system recognises and offers you the rest of what other people have searched for even if the words are in a different order.Here are some…
    Published - 11 Jul 14, 8:51am