Latest Accounting News for the UK Accountancy Profession

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

Fully automated Accountancy Profession continuously collates the latest accounting news and headlines from over 150 sources and links straight to the best accountancy websites. Our mission is to enable accountants to see at a glance developments in the accountancy profession by providing links to all the accountancy news in one place and therefore saving the time consuming task of searching hundreds of sites and blogs.

We are proud to announce that Accountancy Profession is making its own news and has won the coveted PQ Magazine "Accountancy Website of the Year 2012" award.

If you know of a news, Twitter or YouTube feed which would be of interest to other accountants please contact us as the site is continually developing and new pages and feeds are added on a regular basis.

If you are interested in the accountancy profession across the pond then take a look at our US Accountancy Profession site.

Accountancy Age

  • EY issues emphasis of matter note on Co-op Bank

    EY issues emphasis of matter note on Co-op Bank

    Accountancy Age EY's first public act as auditor of the Co-operative Bank has been to place an emphasis of matter paragraph into its interim statement review. The Big Four firm, which replaced KPMG as the bank's auditors earlier this year, s…
    Published - 1 day ago, 22 Aug 14, 11:31am
  • CIoT welcomes Scot's tax law despite missing adviser details

    CIoT welcomes Scot's tax law despite missing adviser details

    Accountancy Age THE CIoT has welcomed the passing of the Revenue Scotland and Tax Powers Bill by the Scottish Parliament, but warned it still lacks detail around tax advisers' duties. A number of tax powers have already been devolved to Scot…
    Published - 1 day ago, 22 Aug 14, 11:31am
  • Consultants set for €500m fee windfall in European bank audit

    Consultants set for €500m fee windfall in European bank audit

    Accountancy Age CONSULTANTS working with European regulators on a wide-reaching bank audit could see a fee windfall of almost €500m (£400m). The European Central Bank and eight national regulators are in the final stages of a review of th…
    Published - 2 days ago, 21 Aug 14, 1:54pm
  • KPMG administrators set offer deadline for stricken Ferguson shipyard

    KPMG administrators set offer deadline for stricken Ferguson shipyard

    Accountancy Age ADMINISTRATORS of Ferguson Shipbuilders, the stricken shipyard, have set a closing date for offers for the Port Glasgow company after receiving encouraging levels of interest from potential buyers. Blair Nimmo and Tony Friar…
    Published - 2 days ago, 21 Aug 14, 10:00am
  • Deloitte to negotiate Mamas & Papas CVA deal

    Deloitte to negotiate Mamas & Papas CVA deal

    Accountancy Age DELOITTE has been appointed by Mamas & Papas, the struggling upmarket nursery chain, to strike a company voluntary agreement (CVA) with landlords as it attempts to cut costs and dispose of onerous lease arrangements. Daniel B…
    Published - 2 days ago, 21 Aug 14, 9:58am
  • Ex-KPMG senior partner to head Grant Thornton assurance

    Ex-KPMG senior partner to head Grant Thornton assurance

    Accountancy Age GRANT THORNTON has appointed former KPMG senior partner Andrew Vials to head up its National Assurance Services (NAS). Vials joins GT after ten years as head of the Big Four firm's financial reporting technical team. He previ…
    Published - 2 days ago, 21 Aug 14, 9:54am
  • Reeves' Tate to serve as R3 president

    Reeves' Tate to serve as R3 president

    Accountancy Age REEVES restructuring partner Andrew Tate will take the reins at insolvency trade association R3 in 2016. Tate, who has previously chaired the regulatory board the Joint Insolvency Committee, will become vice-president in 2015…
    Published - 2 days ago, 21 Aug 14, 9:40am
  • HMRC's tax evasion proposals ‘presume guilt’ warn advisers

    HMRC's tax evasion proposals ‘presume guilt’ warn advisers

    Accountancy Age ADVISERS have wasted little time in raising concerns over proposals to introduce a new criminal offence and civil sanctions in offshore tax evasion cases. In two consultation documents, HM Revenue & Customs is seeking views o…
    Published - 3 days ago, 20 Aug 14, 9:57am
  • Deloitte accused of costing taxpayers £50m for botched administrations

    Deloitte accused of costing taxpayers £50m for botched administrations

    Accountancy Age DELOITTE has been involved in more 20 administrations where it failed to correctly make workers redundant, potentially costing taxpayers as much as £50m in in compensatory payments, according to figures from the Insolvency S…
    Published - 3 days ago, 20 Aug 14, 9:56am
  • Lehman Brothers pension scheme payout agreed

    Lehman Brothers pension scheme payout agreed

    Accountancy Age MEMBERS of the Lehman Brothers Pension Scheme will receive their benefits in full after a £184m settlement was reached in the six-year legal battle that followed the firm’s insolvency. The Pensions Regulator (TPR) announce…
    Published - 4 days ago, 19 Aug 14, 10:47am
MyFirmsApp

AccountingWEB uk

PwC

Deloitte

KPMG

IFRS Foundation

IAS Plus

IFAC

Companies House - News

HMRC - What's New

  • Revised Notice August 2014 (Opens new window)
    This notice cancels and replaces Notice 701/31 (February 2007). Details of changes to the previous version can be found in paragraph 1.2.
    Published - 2 days ago, 22 Aug 14, 12:00am
  • Reporting Offshore Funds (XLS 7MB)
    The list has now been updated to include the funds that have entered the Reporting Fund Regime as at 20 August 2014.
    Published - 2 days ago, 22 Aug 14, 12:00am
  • Company Purchase of Own Shares Help Sheet (PDF 350K)
    New guidance available for advance clearance applications in relation to purchase of own shares by unquoted trading companies.
    Published - 2 days ago, 22 Aug 14, 12:00am
  • Tariff Notice 57/14 (Opens new window)
    Common Customs Tariff, Combined Nomenclature, Tariff classification, An article (so-called 'LED tile') in an aluminium housing.
    Published - 2 days ago, 22 Aug 14, 12:00am
  • VAT Notes No 3 of 2014
    HMRC publish VAT Notes quarterly. They contain a summary of all recent changes to the VAT rules and announce future changes.
    Published - 2 days ago, 22 Aug 14, 12:00am
  • Tariff Notice 58/14 (Opens new window)
    Common Customs Tariff, Combined Nomenclature, Tariff classification, A portable battery-operated apparatus for capturing.
    Published - 2 days ago, 22 Aug 14, 12:00am
  • Publishing details of deliberate defaulters (PDF 150K)
    Subject to certain stringent conditions, anyone who has deliberately defaulted on their tax responsibilities will have their details published by HMRC. Today HMRC has published its seventh list of deliberate defaulters who meet those conditions.
    Published - 3 days ago, 21 Aug 14, 12:00am
  • Custom Information Paper 57 (2014) (Opens new window)
    A reminder of the correct process for declaration of exports of cash in freight.
    Published - 3 days ago, 21 Aug 14, 12:00am
  • Revised Notice 700/12 (August 2014) (Opens new window)
    This notice cancels and replaces Notice 700/12 (April 2014). Details of any changes to the previous version can be found in paragraph 1.1 of this notice.
    Published - 4 days ago, 20 Aug 14, 12:00am
  • Employer Bulletin Issue 49 (Opens new window)
    Issue 49 of the Employer Bulletin is now available. Aimed at employers and agents, it contains important information and news about topics which may affect payroll obligations to HMRC.
    Published - 4 days ago, 20 Aug 14, 12:00am

Accountant Jokes and Fun

  • 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 - 2 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 - 5 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 - 37 days ago, 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 - 43 days ago, 11 Jul 14, 8:51am
  • What clients say to wind up their accountant
    What do clients say that winds you up?"I just popped everything in this carrier bag here - I knew you could sort it all out for me.""My friend's accountant says.....""I need a mortgage reference - you will make the figures look good for me won't you?…
    Published - 51 days ago, 4 Jul 14, 8:14am
  • John Challis on why he didn't become a tax inspector
    John Challis tells the story that in the late 1970's he was summoned by one of her Majesty's Tax Inspectors to discuss his meagre contribution to the Inland Revenue.John notes that he sat before a middle-aged grey suited man who had obviously not se…
    Published - 57 days ago, 27 Jun 14, 9:00am
  • Dictionary definition (or not) of timesheet
    As suggested by Cara Miller of Miller Walsh Associates in an article for Accountancy Age:Timesheet (noun): swearword commonplace in many a UK accountany office. Bane of life. Likely to cause lots of sighing. Method of keeping boss happy while drivin…
    Published - 65 days ago, 20 Jun 14, 8:09am
  • Charlie's Tax Return (from The West Wing)
    The 3 short clips linked up here are a delightful reminder of how wonderful was the TV show, The West Wing. And even though it addresses US taxes the reason for the discrepancy can just as easily arise under the UK's PAYE system.
    Published - 72 days ago, 13 Jun 14, 8:37am
  • The bar at the Taxation Awards
    Stephen Mangan was the host at last week's Taxation Awards. This is an annual event for 600 of the UK's top tax advisers - and a few hangers on like me.Mangan did a superb job. Worth a mention on this blog were his observations after he announced tha…
    Published - 85 days ago, 30 May 14, 9:58am
  • What do you give the man who has everything?
    A tax investigation!
    Published - 92 days ago, 23 May 14, 9:06am