Category: Articles

The government has introduced a number of measures over the past few years to improve compliance and behaviour by UK businesses in relation to taxation. Chris Riley looks at three such initiatives.

The 4 March 2020 saw the long awaited takeover of NEX by Aquis Exchange PLC (approved by the FCA) and rebranded as AQSE (Aquis Stock Exchange).

We take a high-level look at and summarises the changes to the UK Corporate Governance Code, effective from 1 January 2019.

There continues to be a low number of issues on both AIM and the Main Market.

The critical moment is approaching. From 1 January 2021, only an EU regulated insurance carrier or intermediary may undertake EU insurance work.

Boris Johnson’s administration recently marked its first 12 months in government. While reviews of the Prime Minister’s performance have tended to focus on his handling of the coronavirus pandemic, there has also been much to discuss from a tax perspective.

From 6 April 2020, changes were enforced by the HMRC requiring any sale of UK residential property to be reported with any capital gains tax (CGT) due being paid within 30 days of the completion of the sale.

On 9 July, the FCA introduced the requirement for firms in the payment services and electronic money sectors to have an annual audit of compliance with safeguarding requirements.

Many trustees will be aware that their trust is on a government Register. Nevertheless, the Trust Register has little to do with tax.

The Making Tax Digital (MTD) initiative introduced fundamental changes for VAT in 2019 with the ambition to ease businesses’ tax monitoring and ensure they are paying the right amount of VAT.

As we all know, the focus of the last few months has been on Covid-19, not Brexit. However, let’s not forget that the UK left the European Union on 31 January 2020 and will end its transition period on 31 December 2020.

In these uncertain times, many Heads of Internal Audit and Chairs of Audit Committees may be wondering how internal audit can remain effective and relevant. Jessica Wills explains more.