Covid-19

£260bn wealth tax will save UK economy, experts say

A group of financial experts are calling on the HMRC to help pay for the Covid-19 crisis through a one-off…

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AIA a ‘short term measure’, says BDO

Accountancy firm BDO has responded to the HM Treasury’s latest announcement that it is extending the £1m temporary cap on…

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Will Covid and Brexit result in a drastic increase in claims against accountants?

“Unprecedented times” is the phrase which is widely used to describe 2020 owing to the impact of Covid-19. So far,…

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Bank of England unveils £150bn covid support package

The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in crisis support and…

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FCA scam warnings for the year surpass 1000

The number of scam warnings issued by the Financial Conduct Authority (FCA) this year has passed 1000, as fraudsters continue…

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Deloitte plans to close four UK offices

Deloitte is planning to shutter four of its offices across the UK after Covid-19 has forced the firm to reduce…

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HMRC sees 54,800 employees claim WFH tax relief

HMRC has received more than 54,800 employee claims from customers using a new online portal which allows workers to claim…

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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”.…

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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…

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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…

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