Tax / Apprenticeship starters fall 59% since levy introduced

The number of people starting new apprenticeships has fallen sharply since the introduction of the apprenticeship levy on 6 April 2017

Tax / Budget 2017: employment tax at a glance

Julie Clift CTA reviews the key changes to employment tax in the autumn Budget from company car tax changes to plans to widen the reach of IR35 legislation to the private sector and measures to tackle disguised remuneration

Tax / Budget 2017: insolvency regime overhaul to curb tax debt

The Budget proposals include a measure designed to tackle the use of insolvency to escape tax debt by expanding the current security deposits legislation, in a bid to recoup some £150m of tax annually, as well as a planned review of airline insolvency

Insight / 20-year ban for payday loan directors over lost pension monies

Three directors of a payday loan company who used over £1m from a pension liberation scheme to pay off company debts have banned for a total of 20 years following an investigation by the Insolvency Service

Insight / MPs call for action on gig economy tax avoidance

Two Parliamentary select committees have put forward a draft bill designed to close loopholes in the gig economy, which MPs say allow companies to use bogus ‘self-employment’ status as a route to cheap labour and tax avoidance

Accounting / FRC to scrutinise Mitie’s 2016 financial statements

The Financial Reporting Council (FRC) has announced a further investigation into FTSE 250 outsourcing supplier Mitie Group, in relation to the preparation and approval of the financial statements for the year ended 31 March 2016, following on from its probe into Deloitte’s audit of the company, which has issued a string of profit warnings

Insight / Free download: using Big Data to prevent critical issues - ARI

Download ARI’s white paper, using Big Data to identify, predict and prevent critical issues, to help anyone running a company car fleet

Insight / Eight out of 10 millennials reject Big Four careers

A third (33%) of millennials at small-medium sized accounting firms want to remain within this sector while 21% wish to pursue careers at the Big Four, challenging the assumption that smaller firms are a stepping stone to larger employers, according to ACCA’s recent global study

Insight / Christmas presents: dealing with possible bribe dilemmas

Bob Patchett from Croner-i Human Resources outlines the implications of the Bribery Act 2010 and considers when Christmas gift giving in the workplace might cross the line from goodwill to bribery

Insight / 92% of European businesses not ready for GDPR

With just over six months to go until the EU’s general data protection regulation (GDPR) becomes law, just 8% of businesses across Europe report they are prepared for the new measures, which include provision for fines of face fines of up to €20m for failure to comply, according to research from RSM

Tax / Glassey: Paradise Papers put spotlight on offshore financial centres

The revelations and hyperbole around the Paradise Paper undermine the value of using offshore financial centres, where levels of transparency are arguably no worse than elsewhere in the world, despite the efforts of governments to demand more openness, argues Will Glassey, partner at Mayer Brown

Tax / Deliveroo wins case confirming riders are self-employed

In the latest challenge to the employment status of ‘gig economy’ workers, Deliveroo riders have been ruled self-employed by labour law body the Central Arbitration Committee (CAC), in a move which runs counter to other recent rulings

Insight / 56% of CFOs struggling with data security

Over half of global CFOs admit that managing data security and privacy is the biggest challenge in corporate reporting and believe that lack of clarity over data ownership and governance is having an impact on reporting effectiveness

Insight / Companies failing to disclose worker information in annual reports

Despite growing public and government interest in companies’ recruitment, training and employment practices, meaningful information about employees in annual reports is still missing, according to new research from the Pensions and Lifetime Savings Association (PLSA)

Insight / Accounting job vacancies rise by 15%

Job vacancies for accounting professionals rose by 15% across the UK in the third quarter of 2017 compared to the same time last year, with Brexit uncertainties driving demand for contractors, according to recruitment specialists Robert Walters UK