COVID-19 Support Scheme Fraud

HMRC has conducted more than 12,000 investigations into the use of coronavirus support schemes, including the furlough scheme and the self-employed income support scheme. The tax authority has revealed that thousands of businesses are under investigation for coronavirus fraud following a freedom of information request from the law firm BLM. The 12,000 probes into the […]

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Accounting Standards Come Under Fire from UK Lawmakers

A trio of lawmakers in the upper house of the UK parliament have lined up to launch an unprecedented attack on accounting policy issues. In the firing line was the new body charged with endorsing International Financial Reporting Standards for use in the UK, the International Accounting Standards Board’s planned new insurance liabilities accounting standard, […]

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