Daily Digest
What 60K UK accountants clicked on in Q2 2025
Uncover compliance spikes, AI adoption, and boardroom timing trends shaping UK finance leaders’ behaviour.
FROM THE MARKET
EDITOR’S PICKS
NEWS
HMRC cancels record 46,266 late tax return penalties
Taxpayers urged to appeal fines as experts warn many could be wrongly penalised
THE BIG INTERVIEW
RCK’s CEO on what R&D tax got wrong (and what’s next)
As the new CEO of RCK Partners, James Gibson isn’t chasing scale for its own sake. In a sector battling credibility issues, he’s betting on better judgement, fewer shortcuts, and a renewed focus on what clients actually need.
WE’RE ALSO READING
BUSINESS NEWS WALES
Unity Accountancy Acquires TA Llanelli with Development Bank of Wales Loan
THE FUTURE OF TAXATION
ICAEW Expresses Concerns Over UK MTD Draft Legislation and Implementation
ICAEW raises concerns about the UK’s draft MTD legislation due to its 20,000 income threshold from 2028, burdening sole traders and landlords. This necessitates digital record-keeping and quarterly updates, which ICAEW argues add costs without sufficient benefits and require more preparation. The legislation targets tax non-compliance, aiming to enhance revenue and fair business practices.
🗳 POLL
Which tax area do you think is most overdue for reform?
WHAT WE'RE LISTENING TO
IFRS Interpretations Committee Explores Key June 2025 Meeting Discussions and Insights
The IFRS Interpretations Committee meeting on 25 June 2025 engaged in a detailed examination of recent accounting issues, specifically addressing vital interpretative matters pertinent to IFRS standards. Attendees gained actionable insights into complex regulatory requirements, reinforcing their understanding of financial reporting principles critical for effective compliance.
Listen here
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