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Latest ICAEW Insights and accountancy news for April 2021

All the latest news about ICAEW and the accountancy profession.

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Protect yourself from payment diversion fraud


Incidents of payment diversion fraud are on the rise due to increased home working leaving remote staff more susceptible to being tricked. Here’s how to spot the signs.

Solving the growing crisis in children’s social care


The piecemeal nature of procurement in children’s social care services, coupled with local authorities’ financial struggles, is creating a chaotic and ultra-competitive market that is not sustainable.

ICAEW members around the world see accelerating net zero action


As ICAEW’s Climate Summit gets underway, engagement with international members points to increasing measures by businesses around the world to tackle carbon emissions, with a focus on the opportunities as well as the risks associated with the transition to net zero.

Chart of the week: UK public debt profile


Our chart this week shines a spotlight on the UK’s public debt, focusing on the Government’s debt strategy ahead of the fast approaching Spending Review.

Tax news in brief


Highlights from the broader tax news week ending 13 October, which includes: new HMRC guidance on joint and several liability notices and on avoiding non-compliant umbrella companies. HMRC extends access for employer client data, is to cease benefit payments to post office accounts and confirms that DIY housebuilders can reclaim VAT on blinds and shutters.

Applications open for freeport customs sites


The forms required for businesses to operate special customs procedures within a designated freeport have been published, along with further guidance on procedures for declaring goods moving into and out of sites.

Phishing attacks: how to stay vigilant


Incidents of phishing attacks are on the increase as businesses adapt to hybrid working, with £754m stolen from bank customers in the first half of 2021. Here’s what to watch out for.

Use Spending Review to establish a "financial platform for delivery"


Alison Ring, Director for Public Sector at ICAEW, has written to the Chief Secretary to the Treasury ahead of Spending Review 2021 expressing ICAEW’s view that it should be centred on the three key themes of stable funding, fiscal resilience and financial capability.

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