Pat Sweet

Pat Sweet

Pat Sweet is online reporter at CCH Daily and Accountancy, covering news stories as they happen each day. With a background in specialist publications, Pat has written about the management consultancy and IT sectors, and is now focused on developments in the accounting and finance markets. Contact Pat Sweet

Tax / EU agrees double taxation dispute resolution system

The European Council has agreed on a new system for resolving double taxation disputes within the EU, in a bid to reduce the difficulty and the tax burden of doing business across borders

Insight / FRP Advisory called in to failing law firm

Tom MacLennan and Iain Fraser, partners with FRP Advisory, have been appointed joint administrators of Hamilton Burns WS Ltd, a Scottish-based immigration, criminal, matrimonial and civil practice law firm which has collapsed with half of its staff losing their jobs

Tax / 31 May deadline for filing automatic exchange of information (AEOI) returns

The deadline for submitting automatic exchange of information (AEOI) returns for the year ended 31 December 2016 is 31 May 2017 for financial institutions, and that this is the first year for common reporting standards (CRS) filing

Tax / Push for manufacturers to claim R&D tax relief

The manufacturers’ representative organisation EEF has announced a partnership deal with R&D tax relief specialist Jumpstart, with the aim of providing expert advice for members to secure their full entitlement of R&D tax relief

Tax / Charitable donations cut inheritance tax bills by £880m

The amount of inheritance tax (IHT) saved by leaving money to charity has hit a record £880m, as donors look to reduce their tax bills and donate to good causes on their death

Insight / Pensions Regulator names companies flouting auto enrolment

The Pensions Regulator has released its first name and shame list of employers who have been taken to court for failing to pay fines for workplace pension non-compliance, including 13 companies which have been fined £220,000 to underline the importance of meeting automatic enrolment requirements

Audit / KPMG picks up Swiss energy audit at ABB

Swiss power transmission and automation technology specialist ABB is to appoint KPMG as its external auditor effective for the financial year 2018, ending a more than 16-year relationship with EY

Tax / CJEU says member states should stop tax ‘fishing’ requests

The Court of Justice of the European Union (CJEU) has handed down a ruling that the courts of one member state may review the legality of requests for tax information sent by another member state, but cannot conduct ‘fishing’ requests which are devoid of any foreseeable relevance to the tax investigation concerned

Insight / Higher pension deficit payments hit pay packets

Companies are suppressing wages by an average £200 a year in order to plug historic gaps in defined benefit (DB) pension schemes, even though some low earners are excluded from such schemes, according to a study by the Resolution Foundation

Audit / PwC on the money with Close Brothers audit win

PwC is to take over from Deloitte as auditor of FTSE 250 UK merchant banking group Close Brothers following a formal tender process

Insight / £3.3m repayment demand for convicted VAT fraudster

A convicted fraudster from Essex who created a fake trade in computer memory sticks has been ordered to repay £3.3m from his VAT scam or serve a longer sentence

Insight / Restructuring specialist Quantuma sees 21% turnover hike

Restructuring and insolvency practice Quantuma has reported turnover up by 21% in the year to 31 March 2017, and has announced an expansion of its regional offices

Insight / Accountancy students worry about work/life balance

Over a third of accountancy students are unhappy about their work-life balance according to a survey of wellbeing amongst ICAEW ACA students conducted by CABA, the sector charity, which found that many are worried about long hours and are concerned their health is suffering

Tax / Guests to say ‘I do’ to wedding gift tax relief

As Pippa Middleton, sister to the Duchess of Cambridge, prepares to walk down the aisle this weekend, marking the start of the wedding season, ICAEW is reminding guests of the tax relief available if they choose to make a gift to the happy couple

Tax / FTT dismisses latest Gold Nuts enquiry appeal

In the latest tribunal case involving a company called Gold Nuts Ltd and its appeals against HMRC’s enquiries in relation to a corporation tax investigation, the First Tier Tribunal (FTT) has refused a request for a postponement, decided not to direct closure of any enquiries and dismissed appeals against information notices