Regulatory

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The Executive Counsel of the Financial Reporting Council (FRC) has fined Grant Thornton UK a total of £520,000 in relation to its statutory audits of the financial statements of Sports Direct International (SDI) for the financial years ended 24 April 2016 and 29 April 2018. Sanctions have also

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The Financial Reporting Council (FRC) has today published a Position Paper setting out the next steps to reform the UK’s audit and corporate governance framework. The paper follows the Government Response to the consultation on strengthening the UK’s Corporate Governance, Corporate Repor

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Mike Younger, finance director with Edinburgh-based Ian Macleod Distillers has publicly criticised the Department for Work and Pensions (DWP) after his identity was stolen to claim benefits illegally. Mr Younger received a bill for for almost £700 by the DWP after his national insurance number

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HM Treasury has today announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA). Mr Alder is currently chief executive officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. He also chairs the Board of the Interna

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A 40-year-old woman has been sentenced to two years imprisonment after embezzling money from two Glasgow-based organisations. Natalie McGarry or Meikle was found guilty of taking almost £25,000 while involved with two pro-independence organisations between April 2013 and November 2015.

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HMRC failed to collect over £30 billion in 2021, according to new figures. Figures published by the tax authority revealed £32bn in tax went unpaid in the 2020-21 financial year. This marks 5.1% of the total that HMRC is owed.

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New measures to stop rip-off agents taking advantage of people and pocketing their tax repayments have been proposed by HMRC. HMRC today launched a 12-week consultation “Raising standards in tax advice: Protecting customers claiming tax repayments” to consider ways to better protect taxp

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