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2017 press releases

Press releases issued by ICAEW in 2017.

ACA students celebrate some early Christmas cheer

Friday 15 December 2017, ICAEW spread some early Christmas cheer with top marks in the latest series of Advanced Level ACA exams. This year was the biggest Advanced Level exam session with the highest number of students and exams taken, seeing over 3,000 taking the Case Study exam.

Business investment set to slow as uncertainty around Brexit persists

Friday 8 December 2017, The pace of capital investment has fallen in 2017 and is forecast to slow even further in 2018 according to the latest ICAEW Economic Forecast. Business investment is forecast to be 2.1% this year, the second weakest since the global financial crisis. As companies continue to ‘wait and see’ what kind of post-Brexit settlement is achieved, ICAEW forecasts investment growth of just 1.5% in 2018.

Spread the (tax-free) Christmas cheer

Wednesday 29 November 2017. With the dark nights closing in and the festive season getting closer, the ICAEW is reminding businesses of some Christmas joy. If you are an employer, don’t forget you can treat your staff to a tax-free Christmas party up to the value of £150 per employee. Each year HMRC’s seasonal gift allows businesses an annual tax-free allowance that can be used for food, drink and even accommodation and travel.

ICAEW response to OTS report on VAT

Tuesday 7 November 2017, Commenting on the report from the Office of Tax Simplification (OTS) which makes a number of recommendations on VAT, Frank Haskew, Head of ICAEW Tax Faculty, said:

Business profits set to grow despite lack of confidence, says ICAEW

Monday 6 November 2017, While UK plc is struggling to find confidence, there are some reasons to be cheerful, according to the latest ICAEW Business Confidence Monitor™ (BCM). Companies have seen improvements in profit growth, capital investment and sales volumes and are expecting continuing growth in 2018.

Increased personal bankruptcies will trigger a rise in business insolvencies

Friday 27 October 2017, Today’s insolvency statistics show that whilst businesses are clinging on to solvency at a slightly improved rate compared to the previous quarter, individuals are increasingly declaring themselves bankrupt as they fail to cope with growing financial credit pressures of day to day living - a factor that ICAEW believes marks the start of a growing landslide of business insolvencies in the near future, as the impact of written-off consumer debt hits.

Businesses need to prepare for interest rate rise

Wednesday 25 October 2017, As speculation grows that the Bank of England Policy Committee (MPC) will increase interest rates at its next meeting in November, ICAEW is advising businesses to be prepared following over 8 years of historically low rates of 0.5% and, since the Brexit vote, 0.25%.

ICAEW warns on the reality of Brexit

Monday 23 October 2017, Ahead of an address by Rt Hon Sir Keir Starmer MP, Shadow Secretary of State for Exiting the EU, at ICAEW today, Michael Izza, ICAEW Chief Executive has warned about the reality of Brexit on the accountancy profession.

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