Economy
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…
ONS reveals latest statistics on public sector borrowing
Friday, 25 September 2020, 10:34
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…
FTSE 100 set to make recovery after four days of losses
Tuesday, 22 September 2020, 10:04
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…
CIOT calls for clarity on HMRC big business compliance
Thursday, 10 September 2020, 9:52
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
Wednesday, 9 September 2020, 10:06
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
Tuesday, 8 September 2020, 10:58
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
Tuesday, 8 September 2020, 9:41
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,…