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Meet The Team


Peter Craig,
Partner

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Qualifications
Peter qualified as a chartered accountant in 1979 after graduating from Newcastle University with a degree in economics.
Experience
Trained with a large independent firm in Sunderland and then spent a year in the audit department of one of the major firms before joining J N Straughan & Co. in 1979 where he was admitted as a partner in 1982.
Speciality
Peter has been involved in all fields of taxation during a professional career spanning 30 years.  This includes incorporation and passing on of family wealth.
Biography
Born and bred in Sunderland Peter has followed his local football team through thick and thin including attendance at all Wembley appearances during his lifetime! He is a keen skier and enjoys fell walking when the opportunity arises.
Tax News: Posts
A round-up of pension news from HMRC
The new rules announced in the Budget – and a request for members’ comments – Individual Protection 2014, and more 
Latest Government plans to tackle offshore tax evasion
Concerns about new HMRC powers which would make having offshore income, which is taxable and undeclared, a criminal offence with no need to prove motive  
A new HMRC campaign targets people with second incomes
Employees who have undeclared income from self-employment can notify HMRC and ‘come clean’ 
64-8 helpcard for agents – update
The new helpcard is now available on the HMRC website 
VAT: HMRC event for businesses supplying digital services
A one-day event about the January 2015 changes and MOSS 
VAT on new student accommodation
HMRC revises and widens the transitional rules for the withdrawal of the concession in April 2015 
HMRC toolkits – new checklist functionality
You can now tailor the checklist to your client and save it or print it off 
VAT: treatment of refunds made by manufacturers
HMRC issues guidance in Information Sheet 03/14 
Preventing abusive tax avoidance using charities
ICAEW says there is no need to add another layer of legislation – better to apply and police the existing legislation 
Consultation on the simplification of Intrastat
ICAEW says keep it simple to avoid unnecessary burdens on business
OECD BEPS Action Plan – Action 6 re Tax Treaty Abuse
Responses are made before a Public Consultation meeting on 14 and 15 April
Registering new partners of LLPs for self assessment and NIC
Authorised agents can now register 10 or more partners with HMRC using just one schedule 
ATED – 30 April deadline
A reminder that 2014/15 returns and payments for the annual tax on enveloped dwellings must be done this month 
RTI tips and tricks revisited
More help in relation to RTI...
CFE Top Five Tax items for the week
Key news from Europe

The latest stories from the Business section of the BBC News web site.
Wage rises catch up with inflation
After nearly six years of falling real wages, rises in weekly earnings have finally caught up with inflation, according to the Office for National Statistics.
UK unemployment rate falls to 6.9%
The number of people out of work in the UK has fallen by 77,000 to a five year low of 2.24 million in the three months to February, official figures indicate.
First Heartbleed 'hacker' arrested
A 19-year-old Canadian citizen is charged with hacking into the Canada Revenue Agency's website, becoming the first arrest in relation to the Heartbleed security breach.
Google shares fall on ad concerns
Shares in Google fall 5% despite reporting first-quarter profit of $3.45bn in response to worries over future income from advertising.
Virgin apologises for email glitch
Virgin Media apologises after some of its customers received hundreds of unwanted emails because of a distribution list error.
Tesco announces 6% fall in profit
UK supermarket giant Tesco announces a 6% fall in annual group trading profit to £3.3bn, the second year that profits have fallen.
Starbucks to move European HQ to UK
Starbucks is to move its European head office to London by the end of the year, meaning it will pay more tax in the UK, the company says.
Court clears ex-Anglo bank boss
The former chairman of Anglo Irish bank has been found not guilty of illegally supporting the bank's share price, the jury continues to deliberate in the case against two others.
Legal costs hit Bank of America
Bank of America reports a $276m first-quarter loss, after taking into account a $6bn charge for mortgage-related legal matters.
Former Co-op boss faces drug charges
Paul Flowers, the former chairman of the Co-operative Bank and ex-Methodist Church minister, is charged with three counts of drug possession.
China's 7.4% growth beats forecast
China's economy expanded by 7.4% in the first quarter of the year, better than expected but down from 7.7% at the end of 2013.
Remittance fees 'hurt Africans'
Communities in sub-Saharan Africa are being "hurt" by high fees charged by money transfer operators, charity Comic Relief says.
'Shocking' rise in use of food banks
Hundreds of thousands more people are turning to food banks to stop themselves from going hungry, says charity the Trussell Trust.
Growth in Scottish economy slows
The Scottish economy grew by 0.2% in the final three months of 2013, compared with growth of 0.7% in the UK as a whole.
Credit Suisse rebuffs forex probe
Swiss bank Credit Suisse has found nothing "materially untoward" in how it trades foreign currencies, finance officer David Mathers has said.
Free jail-built bikes for jobseekers
Jobseekers in Derby will be given free bikes refurbished by prisoners in a bid to help them find work.
Footballer helps save pasty company
Former Leeds United footballer, Danny Mills, is among investors who stepped in to save 35 West Cornwall Pasty Company outlets
House prices continue to accelerate
The rate at which UK house prices are rising has continued to increase, official figures show, with prices up 9.1% in the year to February.
Families on 'financial knife-edge'
Almost 4m families have enough money to pay their rent or mortgage for only a month, if made jobless, housing charity Shelter says.
Graduate starting pay 'falling'
Starting salaries for graduate jobs, even in the best-paid fields of medicine and dentistry, have fallen 11% in five years, research suggests
China 'must allow currency to rise'
The US tells China its currency must be allowed to rise if its own and the rest of the world's economy are to see stable growth.
Ukraine crisis could hit Russian GDP
The Russian economy may see zero growth this year because of the Ukraine crisis, Russia's finance minister has admitted.
US inflation stays low in March
A sharp fall in petrol prices helped to keep US consumer inflation well below the Federal Reserve's 2% target in March.
The boss who wants staff to have fun
A profile of Henry Engelhardt, the boss of insurance group Admiral, and why he wants his staff to have fun.
Bamboo back in business for Taiwan
After decades of decline, Taiwan's bamboo industry is now recovering as the plant is being used to make a wider range of goods, says the BBC's Cindy Sui.
The Whole Foods way of engaging staff
How can firms engage their employees? Whole Foods chief executive John Mackey explains how he motivates his staff.
Man City players 'best paid in sport'
Premier League players at Manchester City are the best paid in global sport, according to a new study.
Hearts' banker agrees shares sale
Ukio Bankas creditors approve the sale of its shares in Hearts, who can now begin their move out of administration.
Prize money increase for French Open
The French Open will pay prize money of more than £20.6m this year, with the singles champions each receiving £1.36m.
VIDEO: Price war sees Tesco profits fall 6.9%
Tesco has reported a 6.9% fall in group trading annual profit to £3.3bn as it continues to lose market share to discount rivals.
VIDEO: End of cost of living squeeze?
Wage increases have finally risen above the rate of inflation, after four years of falling living standards.
VIDEO: Will Jelly repeat Twitter's success?
Biz Stone discusses his new social app Jelly which he hopes will encourage people to help each other out.
VIDEO: China's hard-hit steel industry
China's economy grew 7.4% in the first three months of the year - slightly better than expected, but below the government's target.
AUDIO: Walsh: BA will run planes on rubbish
British Airways have announced plans to run some of its jet planes on rubbish.
VIDEO: Singapore Airlines multi-path plan
Singapore Airlines is planning a multi-path route to growth - adding partnership arrangements and sponsorship deals to boost its prospects.
VIDEO: China's reform could slow growth
China's economic reform agenda could slow growth on the mainland, first quarter economic figures will be closely watched.
VIDEO: UK inflation fall announced
The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS).
Sweet or sour? Duping our taste buds
Would this dessert taste different on a black plate?
How GDP became the figure to watch
How GDP became such an important measurement
How 3D is changing the shape of lessons
How 3D printing is changing the shape of lessons
The self-storage millionaires
The men who got rich selling empty space
Hi-tech start-ups aim for the stars
New tech helps small firms shoot for the stars
Could offices change from sitting to standing?
Should offices change from sitting to standing?
Steering a company in a new direction
When implementing change brings a personal backlash
Gas from coal: The future or fantasy?
Can coal become the low carbon energy of the future?
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