Insights
The latest knowledge, ideas
and experiences driving our work
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VAT Bytes on the New Block
1min read
When 20th century tax legislation comes knocking on technology’s constantly revolving door, a heavenly outcome can’t be guaranteed. This is the case with VAT and Blockchain.
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Theft and fraud: Crypto-assets and capital losses
1min read
As the crypto-asset market continues to grow, it is inevitable that losses due to theft and fraud will also increase. We explore how such losses by an individual are treated for UK tax purposes.
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Salary as cryptocurrency – what it means for employers and employees
1min read
In this digital age, some companies are deciding to pay their employees salary using cryptocurrency and other crypto assets. This article summarises some of the main points to consider when paying employees in cryptocurrencies.
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IFRS 17 Insurance Contracts – the major implications for you
1min read
In just over three months, on 1 January 2023, the new international accounting standard, IFRS 17 Insurance Contracts, will come into effect and change the financial reporting of insurance companies. We explain how this will impact our clients.
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Global minimum tax – a UK update
1min read
July’s Finance Bill included details of the proposed ‘multinational top-up tax’. What exactly is it, who will it affect and what will UK insurers need to do?
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Global mobility beyond the EU – how to prepare
1min read
We are getting accustomed to the challenges of Brexit, but what are the key issues when expanding your business further afield?
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The new home of clever solutions
1min read
A new website… and email address We’re pleased to announce that we have launched a new website and changed our email addresses. As a result, our website address is now www.pkf-l.com, and the second part of our email addresses is @pkf-l.com. We’ve introduced…
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Adequate client money arrangements for general insurance intermediaries
1min read
On 30 September, the FCA issued a Dear CEO letter for insurance intermediaries setting out their concerns over the handling of client money. Despite being relatively concise, the letter covered a huge number of topics at quite a high level. Behind a number…
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The consequences of a third national lockdown
1min read
We plunged into another full lockdown, which looks set to last well into February and possibly beyond.
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Is my company insolvent?
1min read
It’s crucial that business owners recognise the warning signs that their business is in trouble.
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Solvent liquidation
1min read
Members’ Voluntary (Solvent) Liquidations have recently become heavily commoditised products and volume providers are increasingly offering ‘budget’ solutions, sacrificing quality for a low price offering.
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On demand webinar: What certification means for your business and which one is right
1min read
PKF’s Cyber Security and Fraud Prevention series have been sharing best practice, recent case studies and offering help and guidance to manage the increased risks of fraud. As part of the series, our next focus is on external certification and identifying your fraud…
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Tax Talk: September 2020
1min read
Our regular Tax Talk newsletters provide the latest news, insight and analysis on tax related matters, covering both corporate and personal taxation issues. In this edition, we look at:
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Tax Talk: VAT update – Termination payments
1min read
There have been a number of recent judgements from the Court of Justice of the EU (CJEU) concerning early termination fees. These have resulted in a review of HMRC policy which could have a widespread effect across many sectors. One example is to…
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Tax Talk: Notification of uncertain tax treatment by large businesses
1min read
The extended consultation window has recently closed on the government’s intention to require large businesses to notify HMRC where they have adopted an uncertain tax treatment. It is currently proposed that this will be legislated in Finance Bill 2020-21 and will apply to…
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Getting ready for your first safeguarding audit
1min read
With immediate effect from 9 July 2020, payment institutions and electronic money institutions that require having their financial statements audited must now also undertake an annual audit of their compliance with the safeguarding requirements under the Payment Service Regulations 2017 (PSRs) and Electronic…
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Tax Insight: Profit extraction for owner managed companies
1min read
Take charge of your tax affairs People who own a company and work for themselves often ask what’s the most tax-efficient way to take funds out of the business on a day-to-day basis. For many years, this has come down to a straightforward…
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Tax Insight: Large business compliance
1min read
Large businesses trading in the UK are now required to comply with three new regulations affecting their tax planning and strategy. These measures affect the reporting of all UK taxation matters, including VAT and PAYE. New Regulation 1: Senior Accounting Officer Regulations Affected…
