Practice & Industry

Tax / HMRC challenged to investigate Ryanair’s ‘opaque’ crew payments

MPs have asked HMRC to investigate Ryanair and the agencies it uses to supply cabin crew, to ensure that they are paying at least the national minimum wage/national living wage (NMW/NLW) to all their staff, after the airline failed to supply answers about its payment practices to two select committees

Insight / ACCA members authorised to handle probate

ACCA has been approved to authorise individuals and firms to carry out probate work, having successfully applied to the Legal Services Board to authorise practitioners to undertake probate work across England and Wales

Accounting / Young: scale of Carillion insolvency masks fundamental problems

As is often the case with high profile business failures, Carillion’s insolvency has a number of unusual features, not least its political dimension. In other ways, it is simply a familiar story on a larger scale, says Nathanael Young, senior associate in the commercial litigation and dispute resolution team at SA Law

Insight / CIOT hosts memorial for past president Chris Jones

CIOT, along with LexisNexis and the Jones family, is hosting a memorial on 30 January to celebrate the life and achievements of past president Chris Jones, who died suddenly in November last year

Tax / Government launches Carillion support taskforce

The government’s newly formed taskforce set up to monitor and advise on mitigating the impacts of Carillion’s liquidation on construction firms has had its first meeting

Audit / CIPFA revoked as an audit qualifying body

The Financial Reporting Council (FRC) has revoked the recognition of CIPFA as an audit qualifying body, now that it no longer has any members who hold a CIPFA awarded audit qualification

Accounting / NAO slams lack of analysis of private finance initiative deals

The National Audit Office (NAO) has published a scathing report on the rationale, costs and benefits of the government’s private finance initiative (PFI) which says there is still a lack of data available on the benefits of this approach to procurement, and warns it is difficult to establish whether it offers value for money

Insight / Ill-health sees Kreston International CEO stand down

Global network Kreston International has announced that CEO Jon Lisby is to stand down due to health reasons which now prevent international travel, and it is looking for his replacement

Insight / RSM breaks through $5bn global revenue

RSM International saw revenues rise by 5.6% to $5.1bn (£3.7bn) in 2017, reporting growth in each of the network’s service lines and geographical regions and expanding into eight new countries

Insight / Half of UK’s largest companies have unresolved compliance issues

Over half of the UK’s biggest companies admit they are aware of unresolved compliance issues that are yet to surface to a regulator or the public, according to research by global law firm Baker McKenzie

Insight / Consumers to benefit from payment and banking rule changes

EU legislation has come into force designed to make it cheaper, easier and safer to make electronic payments and which, along with the UK’s new open banking requirements, paves the way for consumers to make direct comparisons between banking offers

Insight / Grant Thornton sees digital forensics and cyber investment as key for 2018

Head of top five accounting firm Grant Thornton UK LLP, Sacha Romanovitch talks to Accountancy’s Sara White about the firm’s annual results, strategic investments in digital forensics and financial services, and the importance of taking a global view of Brexit

Insight / PwC liquidators to government outsourcer Carillion

PwC has been appointed as the special managers to troubled outsourcing giant Carillion, which has announced it is going into compulsory liquidation with immediate effect, putting thousands of jobs and major government infrastructure projects, including the new HS2 high speed rail link, at risk

Tax / Overhaul of corporation tax payments for companies with £1.5m plus profits

Meg Wilson CTA, tax writer at Croner-i, explains the key payment dates for corporation tax payments for the largest businesses with profits in excess of £1.5m as new rules reducing the payment period are set to come into force from 1 April 2019

Insight / PwC launches specialist drones team

PwC has established a team of drone specialists in the UK to help clients take advantage of the emerging technology and extract value from drone data, after the firm’s research estimated the emerging global market for business services using drones is valued at more than $127bn (£93bn)