AAT backs chancellor on minimum wage increase
The Association of Accounting Technicians (AAT) has backed the Chancellor’s plans to increase the national minimum wage to £10.50. Javid...
Business Regulation
32% of tax professionals report more accurate VAT returns under MTD
A study by Thomson Reuters has found that 32% of companies now have “more accurate” VAT returns under Making Tax...
Accounting standards change to hit FTSE 100 pension schemes
Incoming changes to IFRIC 14 rules and increased pressure on companies to accelerate contributions could worsen FTSE 100 balance sheets...
IL&FS sends show-cause notice to Deloitte and BSR
The board of Infrastructure Leasing and Financial Services (IL&FS) has issued show-cause notices to Deloitte and KPMG’s audit partner BSR...
FCA fines Standard Chartered Bank £102.2m for poor AML control
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk...
Independent inquiry into London Capital & Finance announced
An independent investigation into events at London Capital & Finance (LC&F) and the circumstances surrounding them has been ordered by...
Goldman Sachs International fined £34.3m for reporting failures
Goldman Sachs International (GSI) has been fined £34,344,700 by the Financial Conduct Authority (FCA) for failing to provide accurate and...
1.1 million businesses yet to register for MTD
Nearly 1.1 million businesses have yet to register for Making Tax Digital (MTD), according to the results of a Freedom...
FCA fines UBS £27.6m for transaction reporting failure
Investment banking company UBS has been fined by the Financial Conduct Authority (FCA) for not providing complete and accurate information...
ICAEW ‘encouraged’ by gov MTD announcement
Institute of Chartered Accountants in England and Wales (ICAEW) has said it is “encouraged” by the “ very light touch”...
LATEST HEADLINES
Grant Thornton reduces UK partner numbers
Mid-tier accountancy firm Grant Thornton has confirmed it has parted ways with a “small number” of partners as part...
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