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2019 press releases

Press releases issued by ICAEW in 2019.

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.

Boards must save themselves from drowning in information

Tuesday 26 February 2019, Ever-bigger meeting papers are preventing boards from operating properly, according to ICAEW. A new report, Information overload: effective boards and committees in financial services, suggests the increasing volume of information has reached such a scale that it is undermining team work, the ability to make good decisions and prevents boards from becoming more diverse and inclusive.

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.

It pays to say 'I do' this Valentine's Day

Monday 4 February 2019, It might not be the most romantic reason to propose, but getting married or entering a civil partnership could have tax benefits for you and your spouse.

Business confidence continues to fall due to UK and global economic worries

Business confidence has continued to fall against a backdrop of global economic worries and weakness in the UK according to the latest ICAEW Business Confidence Monitorâ„¢ (BCM). The overall declining trend, from -12.3 in Q4 2018 to -16.4 this quarter, reflects ever-changing news on Brexit as well as general economic data.

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.

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