Companies House disciplined over 100 staff for compliance breaches Business Over a hundred members of staff at under-fire Companies House faced disciplinary action for compliance breaches in the last three years. Fresh figures from a Freedom of Information request reveal the UK’s registry body for companies took action against 131 staff since December 2022. The disciplinary measures were a result of breaches relating to the [...]
Wages soar to £1.5bn as HMRC ramps up on compliance staff Politics HMRC has allocated over £1.5bn for 2024-25 to support staff in compliance, preventing and detecting fraud cases and collecting taxes, representing a 23 per cent increase on its 2021-22 staff bill. According to a freedom of information (FOI) shared with CityAM by think tank Parliament Street, over the past fiscal year as part of [...]
Protecting the truth in a shifting communications compliance environment Partner The UK financial services landscape has undergone a seismic transformation over the past 15 years, necessitating adaptation to emerging technologies, a rapidly changing policy environment, and new client expectations.
Don’t rely on the FCA to stamp out toxic workplace culture June 3, 2025 City bosses shouldn't wait for the FCA to stamp out toxic workplace behaviour, writes Lucy McNulty in today's Notebook.
Small firms splash out £25bn on tax compliance as HMRC accused of ‘poor service’ April 22, 2025 Small firms are set to stump up a combined £25bn on tax compliance this year, a leading industry body has said, as it accused HMRC of failing to answer phone calls or letters. Calls for a vast reform of the UK’s tax system have come from leading think tanks and policymakers for several years. But [...]
Tougher anti-money laundering controls risk obstructing justice April 11, 2025 Amid calls for City law firms to apply tougher anti-money laundering controls, Ellen Gallagher argues that over-compliance risks limiting justice.
Keir Starmer vows to cut costs for business and ‘unleash’ private sector March 17, 2025 Sir Keir Starmer has vowed to cut costs for businesses and “unleash the power of the private sector” in a bid to deliver economic growth. Writing for CityAM the Prime Minister described it as “an outrage” that the government “does not know how much it costs business to comply with the regulations imposed on [...]
A Budget for tax simplification would make Britain a better place for business October 21, 2024 There’s more to competitiveness than headline rates, Rachel Reeves should use the Autumn Budget to make taxes simpler and rules easier to comply with, says Colin Graham Chancellor Rachel Reeves has been clear that the current state of government finances will only improve with economic growth. For this to work, there will need to be [...]
The trading floor drama Industry overlooks August 23, 2024 Industry, the BBC’s sex and drugs fuelled City drama, is missing one crucial aspect of life on a trading floor, says Matt Smith Sex, drugs and insider trading are back as Industry season three hit our screens earlier this month. But in the City, the exchange of trading tips between wrongdoers isn’t just a sub-plot [...]