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Latest ICAEW Insights and accountancy news for August 2020

All the latest news about ICAEW and the accountancy profession.

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EA and CJRS interaction remains unclear

27 August 2020: Further clarity is being sought from HMRC for cases where the secondary NIC an employer can offset using employment allowance (EA) includes amounts for which CJRS grants have been claimed.

Proposals for tackling CIS abuse ‘disproportionate’

27 August: HMRC’s plans to tackle abuse of the construction industry scheme (CIS) would create a burden disproportionate to the relatively small amount of revenue at stake and affect many compliant businesses, ICAEW has warned.

Solving the UK’s productivity puzzle

28 August: Since 2009, the UK has struggled with a slowdown in the progress of productivity. ICAEW Insights examines the causes of this ‘productivity puzzle’ and looks at how the government could tackle this in its COVID-19 rebuilding programme.

ICAEW technical round-up: August 2020

27 August 2020: the top technical stories on ICAEW Insights this month feature more information on the government’s CJRS and Eat Out to Help Out schemes, plus expert guidance on emphasis of matter paragraphs and cashflow.

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