ICAEW.com works better with JavaScript enabled.

Latest ICAEW Insights and accountancy news for June 2020

All the latest news about ICAEW and the accountancy profession.

Don't miss out on our daily summary of what's happening in the world of accountancy. If you are a member you can change your contact preferences so it is delivered daily to your mailbox.

Employers reminded not to overlook obligations by HMRC

30 June: HMRC’s latest employer bulletin contains several reminders to stop firms falling behind with standard obligations during the coronavirus pandemic, such as suffixing “2013” to the reference when paying 2019/20 Class 1A NIC.

Flexible furlough scheme opens on 1 July

30 June: Employers will be able to make claims for grants under the flexible furlough scheme (CJRS V2) from 1 July 2020. ICAEW’s Tax Faculty highlights key points and updates its guidance.

HMRC compliance powers on CJRS and SEISS tabled for debate

Updated 6 July: Legislation introducing HMRC’s powers in relation to coronavirus support payments has been tabled and following representations by ICAEW, businesses will have 90 days to notify HMRC of a grant that needs repayment.

How the NAO is dealing with COVID-19

30 June 2020: Kate Mathers, an executive director of the National Audit Office, talks to Maria Byrnes from ICAEW about the impact the COVID-19 crisis is having on the National Audit Office and how it has shaped their work.

Corporate Insolvency Bill

30 June 2020: The Corporate Insolvency and Governance Act 2020 received Royal Assent on Friday (26 June). Both the permanent and temporary measures could be a valuable lifeline as the downturn continues.

Finance Bill 2020 – Report stage amendments

29 June: The government has tabled a further series of amendments to the Finance Bill 2020 ahead of its report stage this week. ICAEW’s Tax Faculty provides a summary of the changes and urges further amendments to the clause modifying the statutory residence test in light of COVID-19.

Showing 12 of 130 items