The Economic Crime and Corporate Transparency Act 2023 (ECCTA) contains a new groundbreaking measure: ‘the Failure to Prevent Economic Crime” criminal offence which will render large companies liable for fraud committed by their employees where the fraud was committed with the intention of benefitting the organisation or those to whom it provides services.
Hybrid working, working from home or even working from a location outside the UK – these working arrangements are more common now than ever before for employees of businesses based in the UK.
Companies House have been given new powers to make the UK a more transparent place for businesses to operate. With these powers, Companies House plan to make changes in several areas.
This could be one of the most frequently asked questions that accountants receive, from individuals and business owners. The answer really lies understanding how to minimise your tax liabilities.
The Spring budget did contain a few announcements which will impact the agricultural sector and consideration should be given to whether action is taken now.
Following the 2024 Budget, three key announcements that will be important to any tax payers falling in the following groups:
Anyone who lets a holiday cottage
Property developers/investors and
Non UK Domiciled individuals