Sara White

Sara White

Sara is the editor of Accountancy and Accountancy Live, responsible for the Accountancy portfolio which includes Accountancy, the monthly print magazine, an iPad edition, online and digital news service, and the Accountancy news app. Any comment and feedback is always welcome so do not hesitate to get in touch by email

Insight / SEC defines Blockchain DAO token trading as securities in US

The Securities and Exchange Commission (SEC) has confirmed that offers and sales of digital assets by ‘virtual’ organisations using distributed ledger or blockchain technology will be regulated under federal securities laws in the US

Tax / Finance Bill (No.2) 2017 briefing confirms retrospective tax rules

The Treasury has issued a briefing note on Finance Bill (No.2) 2017 setting out the key legislative changes with a very brief description of each measure and clarifying whether measures will be retrospective from non-doms to loss relief reform, but hints that changes to the dividend nil rate could be delayed

Tax / Editor’s comment: coming to its senses on Making Tax Digital

The government's decision to delay Making Tax Digital quarterly reporting until 2020 was welcomed by the tax profession and business, and signalled recognition that HMRC itself was not ready for the digital overhaul of tax reporting as the project was flagged as high risk amber/red in the Infrastructure and Projects Authority (IPA) annual report. Sara White, editor of Accountancy considers the implications 

Tax / Osborne picked up Cabinet redundancy payment

Former Chancellor George Osborne picked up a five-digit redundancy payment when he was sacked in the reshuffle when Theresa May took over as prime minister after the Brexit vote

Insight / AAT salaries up 2% for students

The average salary for accounting technicians is up by 5% to £22,000 for AAT affiliate members in full-time work although AAT students have only seen a 2% increase but there is also a gender pay gap, shows salary research from the Association of Accounting Technicians (AAT) shows

Tax / Tell Us Once service to alert government departments about bereavements

HMRC has published guidance for tax agents about bereavement support, setting out a single point of contact for alerting government services about a client bereavement including details of some of the support available to agents when acting for families and customers in the event of a bereavement

Tax / HMRC issues guidance on tax treatment for FRS 105 accounts

HMRC has issued guidance on the tax implications of transition to the new accounting rules for small business under the FRS 105 Micro-entities Regime, as the first year of reporting under the FRSSE replacement comes into effect, setting out recommended tax treatment

Insight / People in their 40s will have to work until 68

The pension age is set to hit 68 within 20 years as the government sets out a new timetable for retirement dates with those in their early forties likely to be hard hit

Audit / BBC switches £2m audit to National Audit Office as EY bows out

EY faces a £2m loss in annual audit fees as it steps down from the BBC audit as the National Audit Office (NAO) takes over the contract for the 2017/18 financial years and is currently negotiating the transition

Tax / Second Finance Act pushed into autumn but measures effective April 2017

All measures dropped from the Finance Act including loss relief and non dom changes in the run-up to the election will be reinstated in a Second Finance Bill which will be introduced as soon as possible after the summer recess when MPs return to parliament 

Tax / Making Tax Digital delayed until 'at least' 2020 except for VAT

The government has caved into pressure over Making Tax Digital and has delayed rollout by 'at least' two years until 2020 with the deferral confirmed by the Treasury, although quarterly VAT reporting using the system will be mandatory from 2019, reports Sara White

Tax / HMRC forces trusts and estates to register online by 5 October

All trusts and estates with a tax liability must register online via the HMRC trusts and estates online service by 5 October following the withdrawal of paper form 41G (Trusts)

Insight / Auto enrolment pensions taken up by 8.1m workers

More than eight million employees have signed up for a workplace pension since the launch of automatic enrolment, new figures published by The Pensions Regulator show, while around 500,000 businesses have a final deadline of 2018 to complete their legal duties depending on when the company was set up 

Tax / Croydon regional hub for HMRC set to open this summer

HMRC has confirmed that it will move staff into its first regional hub in Croydon in south London this summer and plans to open the remaining 12 regional centres by 2022, although some staff will be based in six transitional centres until the final relocations are complete by 2026, reports Sara White

Tax / Corporation tax online service will reflect loss relief rules by end autumn 2017

HMRC has confirmed that new rules on carried forward losses will not be reflected in the Corporation Tax online service and CT600 return form until the end of autumn 2017 as the measures were dropped from the truncated Finance Act 2017 enacted before the June general election
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