Making Tax Digital
Our coverage on Making Tax Digital (MTD) provides in-depth reporting on HMRC’s initiative to digitise the UK tax system, focusing on its implications for accountants, accountancy firms, and their clients. Accountancy Today examines the phased implementation of MTD. We analyse the impact of MTD on tax compliance, the adoption of compatible software, and the challenges faced by professionals in transitioning to digital record-keeping and quarterly reporting. Our editorial also covers HMRC’s support measures, such as webinars and guidance materials, to assist taxpayers and agents in adapting to the new system . This coverage equips accountants and firm leaders with the insights needed to navigate the evolving tax landscape and support their clients effectively.
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Jul- 2025 -9 JulyPeople Moves
Xeinadin promotes 10 new partners across UK and Ireland
Professional services group Xeinadin has promoted 10 senior professionals to partner, bringing its total number of partners to more than 200 across nine regional hubs. The promotions reflect the firm’s focus on developing its in-house talent and strengthening its strategic advisory services for small and medium-sized enterprises (SMEs), particularly in…
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May- 2025 -30 MayHMRC
E-Invoicing must not derail MTD progress, ACCA says
ACCA has urged HMRC to proceed with caution on the rollout of e-invoicing, warning that while the initiative could bring important efficiencies, it must not come at the expense of existing priorities such as Making Tax Digital (MTD). Responding to a HMRC consultation, Electronic invoicing: promoting e-invoicing across UK businesses…
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Apr- 2025 -25 AprilCompanies
77% of accountancy firms optimistic about future, Xero finds
Some 77% of UK accounting practices are optimistic about their future outlook, new research from Xero has revealed. Xero’s 2025 Accounting and Bookkeeping Industry Report surveyed 250 UK accountants and bookkeepers to explore the key trends shaping the sector. Despite news last year showing the number of accounting firms has…
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Mar- 2025 -28 MarchBudget
Spring Budget lacks detail on business support, ACCA says
The Spring Budget focus on growth should be welcomed, though there was little in the way of details about measures to boost skills, to encourage investment, open up access to affordable finance, or reduce costs for firms, ACCA said. In the Spring Statement on Wednesday (26 March), the Chancellor outlined…
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Jan- 2025 -28 JanuaryComment
Predictions to watch out for in 2025
In 2025, the accounting sector is likely to change quickly as evolving technology, updated regulations, and shifting business needs reshape the industry. Tim Pinkney, Director of Professional Standards at the Institute of Financial Accountants (IFA), addresses some of the trends likely to dominate the business landscape for accountancy practices and…
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15 JanuaryComment
Reflections on a year of change for accountancy
A lot can happen in twelve months…After his first full year at the helm, Jonathan Barber, Executive Director – UK of the Institute of Financial Accountants (IFA), has reflected on a year of change. He comments, “When you’re in the moment, running a fast-paced organisation, it is easy to overlook…
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10 JanuaryComment
What key factors will drive the finance sector in 2025?
2024 has been a tumultuous year around the world, with billions of people, from the US to India to Ireland, the UK and beyond, all going to the polls. And whilst the full impact of the results are yet to be seen, in the face of any predicted change, it…
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Nov- 2024 -27 NovemberCrime
BDO urges taxpayers to be wary as HMRC scam reports rise
BDO is urging self assessment taxpayers to be aware of bogus tax rebate approaches after HMRC reported a 17% rise in scam reports.According to HMRC, taxpayers reported more than 144,000 scam referrals in the past year, up from 124,000 the previous year. Around half of all scam reports in the…
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Oct- 2024 -28 OctoberLatest News
Over half of accountants call for tax reforms to support SMEs
Accountants are calling on the new Labour government to provide more support for UK small businesses by introducing legislative reforms and simplifying tax laws, according to new research by accounting software company FreeAgent. The latest research from FreeAgent surveyed 337 accountants and bookkeeping professionals to highlight what measures they want…
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Sep- 2024 -19 SeptemberLatest News
Today’s news in brief – 19/9/2024
Grant Thornton US has been shortlisted as a potential bidder for its UK arm, alongside EQT and Permira, aiming for a valuation up to £1.5bn. The auction process follows recent reports of EQT’s bid, with Permira also advancing in the process. Grant Thornton’s US business, which sold a majority stake…
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