9am Lowdown: Tax gap, EY and bridge

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Welcome to the start of the week everyone. Here’s the lowdown.

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'Tax gap' due to ‘legal interpretation’ jumps 9% to £6bn

The amount of tax HMRC thinks is being underpaid due to ‘legal interpretation’ has increased by 9% over the last year to £6bn, up from £5.5bn in 2014/15 according to 'tax gap' figures released by the tax authority. (Out-Law.com)

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Bumper payday for EY partners as Brexit drives growth

Partners at EY are in for a pay boost after revenues at the accounting giant smashed a record for the year to June 30, helped in part by the UK’s decision to leave the EU ramping up the demand for advice. (Telegraph)

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Card game bridge not a sport, European court rules

The game of bridge cannot be considered a sport, the European Court of Justice has ruled. (BBC)

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British expats among those benefiting as Macron slashes French wealth tax

While Britons at home fear a swathe of tax increases in Philip Hammond’s November budget, many expats in France stand to benefit from the opposite – a significant tax cut. (Telegraph)

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Dividend tax change to hit small business

Worcestershire accountancy firm Bishop Fleming says a key change to the taxation of dividends next April will disproportionately hurt small business owners. (Tewkesbury Admag)

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New on AccountingWEB

HMRC has amended the tax calculation for 2016/17, which should allow more taxpayers to file SA tax returns online, but software producers report continuing problems.

A little time spent on planning and budgetary control will provide a return on every job in terms of client service and gross margin, says Finola McManus.

Anonymous blogger ‘The Imprudent Accountant’ attacks the perceived logic that sacking clients is a universal panacea.

And on the industry insights page, Capium asks which software will be required for Making Tax Digital?

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Contributions from the AccountingWEB.co.uk editorial team.

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