No Accounting for Taste ep159: HMRC helplines, consultations, cyber fraud and farming

The team discuss what they got up to at the Festival of Accounting & Bookkeeping (FAB), coming back together for another packed episode of No Accounting for Taste. Just before we hit record, HMRC made a sudden U-turn on the decision to make permanent cuts to the helpline. Matthew, Richard, and Tom delve into the ensuing chaos and the swift turnaround in their decision. A popular topic at FAB, Richard speaks about the government consultation to regulate the tax advice market. He looks at what this means and what accountants have to say. Tom moves on to a fraud case where cybercriminals stole £53,000 from an accountant’s Revolut business account. He details Revolut’s response and explores the rules of reimbursement. Lastly, we hear from a special guest, Kate Bell, farms and estates partner at Albert Goodman on the trials and tribulations of farming, its need for stability and how they are navigating tax measures. Kate talks about the impact that basis period reform, double cab pick-ups and the furnished holiday lettings regime has had on farming.