Business

Insight / Top level corporate pay restraint continues

Top level pay restraint continues and executive pay levels are falling in real terms, with getting on for half of top bosses receiving no salary increase this year, according to PwC’s mid-season analysis of FTSE 100 remuneration policies

Accounting / Companies House to reduce costs by 3.5% despite increase in workload

Companies House has outlined plans to reduce costs of baseline activities by 3.5%, despite having an increased workload, and will focus investment on improvements to digital services, expecting to have digital filing options for 99% of accounts by March 2018

Insight / EY becomes official apprenticeship trainer

EY has been awarded employer provider status, which will allow the firm to officially deliver apprenticeship training to its people, and is looking to take on 200 apprentices in September

Insight / Paternity rights: what you need to know - part 2

Part two in a series on parental rights focuses on the implications of paternity leave, examining the rights and responsibilities of both employer and employee while considering statutory paternity pay

Insight / Companies House flags changes to anti-money laundering rules

Companies House is calling on companies and accountants to get up to speed with changes to UK anti-money laundering rules, including new requirements affecting people with significant control (PSC) information, which come into effect from 26 June

Insight / IESBA seeks feedback on key issues for code of ethics revision

The International Ethics Standards Board for Accountants (IESBA) has launched a survey seeking comments, views, and insights from stakeholders as the first step in identifying the key issues it should address in revising its code of ethics for professional accountants

Insight / Accountants offered incentives by peer-to-peer invoice finance marketplace

MarketInvoice, which bills itself the largest peer-to-peer online invoice finance marketplace, is launching a new incentive plan for referrals from accountants, commercial finance brokers and financial advisers in a bid to double lending to £2bn in 2017

Insight / Premier League football clubs collect record £3.6bn

As the English football season draws to a close, Premier League clubs scored a new record of £3.6bn in revenues last year, but also fell into the red with an aggregate pre-tax loss of around £110m, according to research from Deloitte

Insight / Economic trends: sterling works

Martin Beck, senior economist at Oxford Economics analyses how the pound has managed to remain resilient over the last year despite global political headwinds and Brexit fears

Accounting / FRC Lab kicks off risk and viability reporting project

The Financial Reporting Council Lab is kicking off a project on risk and viability reporting and is looking for companies, investors and analysts to participate in the research by 21 April

Tax / Making Tax Digital should be ‘put into cold storage’, say MPs

In the latest twist in the Making Tax Digital saga, the influential Treasury Committee is reviewing calls for the move to quarterly reporting to be parked until HMRC can provide more clarity on software and IT availability issues folowing the latest hearing on the plans, reports Sara White

Tax / HMRC collects £943m as large businesses hit by APNs

HMRC has collected £943m from large businesses via accelerated payment notices (APNs) over the last year, according to law firm Pinsent Masons, which says the collection is likely to relate to use of a range of suspected avoidance schemes and arrangements, including those making use of employee benefit trusts (EBTs) to reduce tax paid

Insight / Warning about NLW impact on business financial distress

Levels of ‘significant’ financial distress are up 26% across key sectors of the UK supply chain, following increased cost pressures from rising inflation in both fuel and food prices, according to research from Begbies Traynor which also highlights further pressure to come from the latest National Living Wage (NLW) increase

Tax / Brexit and EU rules: Posting of Workers Directive – part 2

In part two of our EU Directives series, Stefan Petrovski, accountant at Paris-based accounting firm Primexis, considers changes to the rules on secondment and posting of workers to other EU member states for provision of services by companies under the Posting of Workers Directive

Tax / US companies in line for $327bn offshore tax windfall

President Trump’s plans for a new one-off repatriation tax to encourage multinationals to bring offshore profits back to the US stands to give the 50 biggest US companies a windfall of between $312bn (£249bn) and $327bn (£260bn), according to research by Oxfam
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