Money Laundering Advisory Notice: High Risk Third Countries
HM Treasury Advisory Notice: Money Laundering and Terrorist Financing Controls in High-Risk Third Countries The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the ‘MLRs’) require the UK regulated sector to apply enhanced customer […]
Tax gaps: Improvement in the HMRC Tax Gap at 5.1%
Improvement in the HMRC Tax Gaps at 5.1% The tax gap is estimated to be £32 billion, which is5.1%of total theoretical tax liabilities Total theoretical tax liabilities for the year were £635 billion. Main findings Main findings for the tax […]
Regulator announces statutory inquiry into The Captain Tom Foundation
The Charity Commission has opened a statutory inquiry into The Captain Tom Foundation, after identifying concerns about the charity’s management, including about the charity’s independence from the family of the late Captain Sir Tom Moore and businesses connected to them. […]
Two Essex directors banned for a total of 22 years
Michael Lee Livesey, 41, and Ross Perry, 41, both from Basildon in Essex, were directors of Global Water Group Ltd which claimed to sell ethically-based investment bonds to support water projects around the world. It advertised on the internet and […]
How to protect your business against cybercrime
A cyber attack on your business in 2021, sadly, is much more likely to be a case of ‘when’ and not ‘if’. So it’s important your business is prepared to deal with any attack, as well as knowing how you […]
The Bersam Trust: Trustees failed to maintain adequate records
The Charity The Bersam Trust (‘the charity’) was registered as a charity with the Charity Commission (‘the Commission’) on 6 December 1966. It is a charitable trust and is governed by a declaration of trust dated 31 May 1955 which […]
7-year ban for caterer who failed to pay taxes
7-year ban for caterer who failed to pay taxes Caterer landed with 7-year disqualification after deliberately avoiding paying £500,000 in taxes. Patrick Olusoji Ekundayo (66), from Edmonton in London, was the sole director of Peaches Limited. The company, incorporated in […]
Director handed 10-year ban for creating fake invoices
Director handed 10-year ban for creating fake invoices Sign and displays boss disqualified for 10 years after submitting false invoices to claim more than £185,000 from lenders. Pure Point was incorporated in April 2009 and Russell Ivan Murch (43), from […]
Carillion – directors’ disqualification proceedings
Carillion – directors’ disqualification proceedings Following an investigation by the Official Receiver, the Insolvency Service, acting for the Secretary of State for Business, Energy and Industrial Strategy, has applied to the High Court for director disqualification orders against eight directors […]
Guidance to help with running your charity during the coronavirus (COVID-19) outbreak
Guidance to help with running your charity during the coronavirus (COVID-19) outbreak Understandably, charities are concerned about what to do during the coronavirus (COVID-19) outbreak, so we have set out our response to the most commonly asked questions. We want […]
