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Coronavirus
Taxpayers face losses of £26m due to BBLS fraud
Taxpayers are facing losses of up to £26m on coronavirus Bounce Back Loans (BBL) as a result of fraud and…
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Accounting Firms
Grant Thornthon settles with AssetCo for £28m
Accountancy firm Grant Thornton has revealed that it does not intend to seek permission from the Supreme Court to appeal…
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Economy
HMRC extends Self Assessment liability threshold
HMRC has increased the threshold for paying tax liabilities to £30K for Self Assessment customers to help ease the financial…
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Business
FRC forced to delay appointment of new head
The Financial Reporting Council has reportedly been forced to delay the planned appointment of Keith Skeoch as its new interim…
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Brexit
7,500 UK finance jobs and £1.2trn in assets moved to EU ahead of Brexit
Over 7,500 UK financial service jobs have been moved to Europe ahead of the Brexit deadline, a new study reveals. …
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Crime
Retired judge to lead Post Office accounting inquiry
The government has announced a retired High Court judge, Sir Wyn Williams, will lead a new inquiry into the Post…
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Business
BoE warns against negative interest rates
The Bank of England deputy governor has warned against negative interest rates which would lower the cost of borrowing below…
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Business
ONS reveals latest statistics on public sector borrowing
The Office for National Statistics has reported that public sector borrowing reached its highest level ever recorded for the month…
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Business
McGills urges businesses to use AIA relief before deadline
McGills Chartered Accountants has urged companies to “take advantage” of the Annual Investment Allowance (AIA) before the allowance is scaled…
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Business
RSM calls for HMRC crown preference restoration rethink
RSM is asking for HMRC to rethink its plans to restore crown preference which is set to take effect on…
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