18 January 2021: Tens of thousands of small businesses forced to close during the first lockdown could receive insurance payments following a Supreme Court ruling
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18 January 2021: The UK government is to expand its ability to free up forgotten or dormant funds to help the country recover from the coronavirus pandemic.
15 January 2021: Claims for the third SEISS grant must be submitted by 29 January. ICAEW’s Tax Faculty offers guidance and reminders on making claims and tax returns.
15 January: HMRC has dusted down the draft MTD for ITSA regulations, previously consulted on in 2017, and issued a further consultation. ICAEW’s Tax Faculty has identified several areas where changes are needed before the regulations are laid before parliament.
15 January 2021: The current ICAEW business confidence monitor highlighted several issues for London in 2021. How does it look on this side of the New Year?
15 January 2021: The need for a compassionate and inclusive management style that builds trust with employees is among the key workplace trends that look set to emerge from the pandemic experience.
15 January 2021: This week’s chart is on demographics, highlighting the major differences in the age structure of populations between continents and the different challenges this presents for managing public finances.
14 January 2021: ICAEW has called on HMRC to reconsider automatically waiving late-filing penalties for self assessment tax returns due on 31 January, in light of the significant impact of the COVID-19 pandemic on clients, tax agents and HMRC resources.
14 January 2021: Writing for the Technology and Financial Services Faculties, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.
14 January 2021: Despite a difficult economic backdrop, 50% of accounting and finance professionals say they managed to increase their salaries over the past year
14 January 2021: ICAEW has issued new guidance on rules governing the origin of goods and warns businesses might end up having to pay customs charges or penalties if they fall foul of the rules.
Highlights from the broader tax news week ending 13 January, which includes: ICAEW’s response to draft legislation on R&D tax relief for SMEs and £230,000 cap on participation in the agricultural flat rate scheme for VAT.
13 January 2021: With a difficult year behind them, the upcoming reporting season is likely to cause further issues for both retailers and their auditors. We speak to Jacqui Baker, boutique owner and Audit Director at RSM UK Audit, about year ends, going concern and wellbeing.
13 January 2021: Tim Bentham and James Walker from the Credit Suisse internal audit team explain the 10 areas where governance meetings can commonly go wrong.
13 January 2021: COVID-19 has increased demand for charity services while impacting revenue-raising opportunities. Helena Wilkinson, Head of Charities at Price Bailey, suggests the impact is likely to be even greater in 2021 and outlines actions charities can take to manage financial sustainability.