Top news stories on Financial Accountant in 2019
Let’s say farewell to 2019 with a wrap-up of the top news, as deemed by our readers.
Before we kick off, we'd like to thank all our readers for their loyalty and trust.
Now we bring you the top 10, most-read articles on the Financial Accountant.
Our readers were pleased to see the Croydon Magistrates' Court punish a former accountant who fraudulently transferred more than £140,000 worth of payments to her personal account.
Alison Thomas was sentenced to 30 months’ imprisonment, after pleading guilty to fraud by abuse of position.
The loan charge debate has been brewing for some time. Here we had the HMRC announce the 2019 loan charge coming into effect on 5 April.
VAT fraud intrigued our readers this year. In this article the tax authority’s investigation into a farmer and his wife saw the couple jailed for their role in a £610,000 VAT fraud.
Money laundering was another fan favourite. Here we saw HMRC arrest 13 people and seized £1.5 million in cash during a UK-wide operation targeting suspected money laundering.
A call centre boss and an accountant were jailed for a total of seven-and-a-half years after an investigation into a £2.3 million income tax, National Insurance and VAT fraud.
Nine fraudsters were brought down by the HMRC and have since been jailed for over 46 years for stealing £34 million in VAT and laundering £87 million.
A market trader from Devon was jailed for stealing more than £900,000 in VAT repayments to fund a gambling addiction.
Companies House revealed the bizarre excuses people have given for missing the crucial accounts deadline last year, including claims that pirates stole their accounts, that their documents were eaten by goats and that a volcano erupted, preventing them from meeting their responsibilities.
HM Revenue and Customs issued a record fine to a London business for breaching strict regulations, which could have left them at the mercy of criminals looking to wash dirty cash.
HMRC published guidance about changes to corporation tax relief on goodwill and relevant assets for businesses and tax agents. Understandably, our readers flocked to read more.