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2019 press releases

Press releases issued by ICAEW in 2019.

International ACA students impress in latest results

Students achieved another set of impressive results in their March 2019 ACA Professional Level exams and Level 4 Accounting Technician apprenticeship end-point assessments with three of the Professional Level prize winners coming from Malaysia and Singapore.

Unethical big data use could undermine social purpose of financial services

Tuesday 9 April 2019, We urgently need an ethical framework for the use of big data or we risk undermining the social purpose of financial services, according to ICAEW. The accountancy and finance body is calling for businesses, consumers and regulators to work together to protect vulnerable people from being exploited by the growing use of data and artificial intelligence.

Financial reporting system a “bewildering mess”, says ICAEW

Wednesday 03 April 2019, The legislation and regulation governing the preparation of financial statements are a “bewildering mess”, characterised by inconsistency, duplication and omission – and it is essential all stakeholders help combat this, according to ICAEW.

Making Tax Digital not to be extended in 2020

13 March 2019, The Spring Statement contained good news for business as the Government confirmed that Making Tax Digital (MTD) will not be mandated for any other taxes or businesses in 2020. From 1 April 2019, VAT registered businesses with turnover over the VAT threshold (£85,000) will be required to maintain digital accounting records and to file their VAT returns directly from MTD compliant software.

What to do if you missed the self assessment deadline, explains ICAEW

If you are one of the 6%* of people who missed the self assessment deadline, complete your tax return as soon as possible to avoid your penalty increasing further. If you think your penalty is unfair, ICAEW explains the circumstances in which you might be able to query this with HMRC.

Brexit remains the biggest challenge for businesses in 2019

Monday 14 January 2019, Businesses continue to have the same concerns for the next twelve months as they did in 2018, according to research from ICAEW. Uncertainty about the UK relationship with the European Union (EU) remains the biggest challenge. Other expected challenges are also UK related, such as slowing UK economic growth, rising UK inflation, plus the lack of clarity on longer-term business priorities from the UK government.