Economy
Chancellor outlines financial services support plan
Tuesday, 10 November 2020, 10:14
Chancellor outlines financial services support plan
Chancellor Rishi Sunak has outlined his plan to assist the financial services industry after Brexit and the pandemic, while addressing…
HMRC Tax evasion watch list surges 30%
Tuesday, 10 November 2020, 10:03
HMRC Tax evasion watch list surges 30%
The number of individuals on HMRC’s tax evasion watch list has increased by 30% in the last year, as the…
Bank of England won’t introduce negative interest rates, EY reports
Wednesday, 4 November 2020, 10:26
Bank of England won’t introduce negative interest rates, EY reports
The Bank of England is not expected to introduce negative interest rates at its next MPC meeting, according to EY’s…
New HMRC law will ‘increase insolvencies’, warns tax pros
Tuesday, 3 November 2020, 10:28
New HMRC law will ‘increase insolvencies’, warns tax pros
Tax professionals have criticised a new law set to be imposed on 1 December, which places the HMRC in a…
61% of DB scheme firms have issued a profit warning in 2020, EY finds
Thursday, 29 October 2020, 10:08
61% of DB scheme firms have issued a profit warning in 2020, EY finds
Almost two thirds of listed companies with defined benefit (DB) schemes issued 228 profits warnings in the first nine months…
FTSE 100 slumps to six month low
Thursday, 29 October 2020, 10:03
FTSE 100 slumps to six month low
The FTSE 100 has hit its lowest level in six months as financial firms grapple with the rise in Covid-19…
Arrests made by HMRC reach five-year low
Thursday, 29 October 2020, 9:54
Arrests made by HMRC reach five-year low
The number of arrests made by HMRC fell by 35% to 511 in the year ended 31 March 2020, compared…
Accountants urge government to cut business rates
Wednesday, 28 October 2020, 9:50
Accountants urge government to cut business rates
Financial support on a sectoral basis and reduction in business rates will be the most effective ways in which the…
HMRC to pay Augean £1.6m landfill tax refund
Tuesday, 27 October 2020, 10:35
HMRC to pay Augean £1.6m landfill tax refund
HMRC will repay £1.6m in landfill tax to to waste management firm Augean, following a legal battle over disputed assessments. …
18% of businesses at severe or moderate risk of insolvency
Thursday, 22 October 2020, 11:48
18% of businesses at severe or moderate risk of insolvency
Some 18% of businesses are at a “severe” or “moderate” risk of insolvency, according to the latest Business Impact of…