FTSE 100 set to make recovery after four days of losses
The FTSE 100 is expected to end four days of losses ahead of an announcement from PM Boris Johnson on...
Tuesday, September 22, 2020
Economy
CIOT calls for clarity on HMRC big business compliance
The Chartered Institute of Taxation (CIOT) has called for a “rethink” of plans for large businesses to notify HMRC if...
New HMRC rules could save third sector millions
Updated HMRC guidance could save the third sector millions of pounds in VAT on digital advertising costs. The tax authority...
Up to £3.5bn furlough claims fraudulent, says HMRC
Up to £3.5bn in payments from the Coronavirus Job Retention Scheme may have been claimed fraudulently or paid in error,...
HMRC loan charge deadline looms
Taxpayers who will be subject to the HMRC’s new loan charge have less than one month to settle their debts,...
GDP to contract £15.3bn each year if home working persists
Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP...
HMRC updates practice on contract terminations
HMRC has confirmed that VAT is now payable on most early contract termination and cancellation fees, in a change to...
Payments to informants increased by 63% in a year, says RPC
The amount of money paid to informants increased by 63% in the past year, as HMRC stamps down on tax...
Insolvency report forecasts 27% climb in UK business failures
Insolvencies in the UK are forecast to jump by 27% this year, slightly higher than the global average rise of...
UK economy ‘unlikely’ to recover until 2023, says KPMG
The UK economy is ‘unlikely’ to reach its pre-Covid level until early 2023, according to new forecasts by KPMG. Its...
