Regulatory

61-75 of 409 Articles
Clock icon 2 minutes

The Financial Conduct Authority (FCA) has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad and growing, the three-year strategy prioritises resources to prevent serious harm, set higher standards and promote competition. Th

Clock icon 2 minutes

The Financial Conduct Authority (FCA) has urged Facebook to take action on scam investment adverts following a rise in fraud attacks on social media platforms. Nikhil Rathi, chief executive of the FCA, listed Facebook’s owner Meta and Twitter as companies that must accelerate their crackdown o

Clock icon 2 minutes

Filippo Dioguardi, the director of Glasgow-based Camardo Coffee (Scotland), has been disqualified as a director for nine years after a £50,000 Bounce Back Loan could not be accounted for. Mr Dioguardi was sole director of the company which was incorporated in 2015 and registered initially at a

Clock icon 3 minutes

Tax avoidance schemes have been named for the first time by HMRC as users are warned they could face large tax bills. HMRC has today advised anyone involved in Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation Scheme to withdraw from them as soon as possible to prevent

Clock icon 2 minutes

The Financial Reporting Council (FRC) has published its 3-Year Plan which sets out the FRC’s progress toward establishing the new Audit, Reporting and Governance Authority (ARGA). The FRC’s 3-Year Plan follows the government’s 2021 consultation ‘Restoring Trust in Audit and C

Clock icon 3 minutes

The Competition and Markets Authority (CMA) has today published its recommendations for the future oversight and governance of Open Banking. The CMA’s recommendations will be taken into consideration in the design of a future entity to succeed the Open Banking Implementation Entity (OBIE). The

Clock icon 6 minutes

Scottish accountancy firms and financial regulatory bodies have responded to Chancellor Rishi Sunak's Spring Statement announced yesterday. The Chancellor cut fuel duty by 5p per litre, which came into force from 6pm last night and will last until March next year. He also announced that the income t

Clock icon 2 minutes

The number of reports to the Financial Conduct Authority (FCA) of alleged cryptocurrency scams has more than doubled in the last year. According to a Freedom of Information request, the FCA received 6,372 alerts about suspected crypto frauds in 2021, an increase from the 3,143 reported in 2020.

Clock icon 2 minutes

HMRC is warning Self Assessment customers to be on their guard following the Self Assessment deadline after more than 570,000 scams were reported to HMRC in the last year. At this time of year, Self Assessment customers are at increased risk of falling victim to scams, even if they don’t menti

Clock icon 4 minutes

Revenue Scotland should have powers to waive a second homes tax in exceptional circumstances and the time available for eligible house buyers to claim a tax rebate when they buy a new main home but their old one is still on the market should be doubled. They are among suggestions put forward by the

Clock icon 4 minutes

The Executive Counsel of the Financial Reporting Council (FRC) has imposed sanctions against KPMG and Mr Michael Neil Frankish in relation to their audits of Revolution Bars Group Plc for the financial years ended 30 June 2015 and the 53 weeks ended 2 July 2016. Mr Frankish performed the role of Aud

Clock icon 4 minutes

The Chartered Institute of Taxation (CIOT) has warned MPs that a lack of clarity around the purpose of legislation creating a register of overseas entities owning UK property could leave many people disappointed that it will not achieve what they expect it to. Legislation creating the register appea

Clock icon 2 minutes

Four Diageo subsidiaries have been formally removed from the Prompt Payment Code (PPC) after failing to honour their commitments. The voluntary code requires companies to pay 95% of invoices within 30 days to their small suppliers and pay 95% of all invoices within 60 days.

61-75 of 409 Articles
Intership icon

Latest Jobs

Intership icon

Latest Events