Economy
PAC tackles lack of HMT and HMRC environmental tax strategies
Thursday, 29 April 2021, 12:33
PAC tackles lack of HMT and HMRC environmental tax strategies
The Public Accounts Committee (PAC) has criticised HM Treasury and HMRC over their lack of environment tax strategies. In a…
HMRC to demand data on cryptocurrency holdings
Wednesday, 28 April 2021, 15:11
HMRC to demand data on cryptocurrency holdings
HMRC will begin demanding data on holdings of cryptocurrencies from taxpayers that it suspects are guilty of tax evasion and…
EY raises GDP growth forecast to 6.8%
Tuesday, 27 April 2021, 10:02
EY raises GDP growth forecast to 6.8%
EY has revised its growth forecast for the UK’s GDP in 2021 to 6.8%, a rise from the initial 5%…
UK financial services to survive no equivalence deal, says KPMG boss
Monday, 26 April 2021, 15:32
UK financial services to survive no equivalence deal, says KPMG boss
The UK is reportedly set to remain as a financial services leader, even without an EU equivalence deal, according to…
HMRC receives over £760m in furlough repayments
Monday, 26 April 2021, 10:05
HMRC receives over £760m in furlough repayments
A sum of 3,777 businesses have voluntarily repaid over £760m in furlough grants to HMRC which they claim were “not…
UK inflation rises to 0.7% in March
Wednesday, 21 April 2021, 10:10
UK inflation rises to 0.7% in March
Rising fuel, clothing and transport helped UK inflation rise to 0.7% in the 12 months to March, up from 0.4%…
FPC appoints external member
Friday, 9 April 2021, 14:36
FPC appoints external member
Financial Policy Committee (FPC) has announced that Carolyn Wilkins has been appointed as an external member, serving a three-year term,…
Tax cut for employers of veterans comes into effect
Friday, 9 April 2021, 9:43
Tax cut for employers of veterans comes into effect
A National Insurance contributions holiday for businesses who employ armed forces veterans came into force on 6 April 2021. The…
Applications open for Recovery Loan Scheme
Wednesday, 7 April 2021, 9:42
Applications open for Recovery Loan Scheme
The government’s Recovery Loan Scheme has opened for applications as of yesterday (6 April). Revealed to the public as part…
ICAEW chief executive joins gov taskforce
Friday, 26 March 2021, 10:09
ICAEW chief executive joins gov taskforce
The Institute of Chartered Accountants in England and Wales (ICAEW) has announced that its chief executive Michael Izza has joined…