Economy
Audit firms ‘overlooked’ in Brexit talks
Wednesday, 14 October 2020, 10:09
Audit firms ‘overlooked’ in Brexit talks
Accountancy and audit firms are being “overlooked” in Brexit trade negotiations, according to a report published by the government’s EU…
UK unemployment rises to 4.5%
Tuesday, 13 October 2020, 10:27
UK unemployment rises to 4.5%
The UK unemployment rate increased to 4.5% during the three months to August, the highest level in over three years.…
Taxes may rise to £40bn to stop ‘debt spiralling upwards’, warns IFS
Tuesday, 13 October 2020, 10:14
Taxes may rise to £40bn to stop ‘debt spiralling upwards’, warns IFS
The UK may need to raise an extra £40bn in a year in taxes just to stop “debt spiralling upwards”.…
HMRC seeks new chair as pandemic takes priority
Monday, 12 October 2020, 10:21
HMRC seeks new chair as pandemic takes priority
HMRC is close to appointing a new chairman as the group looks to shift its focus away from “launching new…
HMRC blasted with 5,000 malicious emails a day
Tuesday, 6 October 2020, 13:24
HMRC blasted with 5,000 malicious emails a day
Over 500,000 malicious emails attacks have been received by HMRC during the last three months, according to official figures. The…
HMRC extends Self Assessment liability threshold
Monday, 5 October 2020, 11:23
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…
FRC forced to delay appointment of new head
Friday, 2 October 2020, 11:16
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…
7,500 UK finance jobs and £1.2trn in assets moved to EU ahead of Brexit
Thursday, 1 October 2020, 10:15
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. …
Airbnb hit with £1.8m tax bill after probe
Wednesday, 30 September 2020, 10:42
Airbnb hit with £1.8m tax bill after probe
Airbnb UK was issued an extra tax bill of £1.8m last year following an investigation into the firm, according to…
BoE warns against negative interest rates
Tuesday, 29 September 2020, 11:25
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…