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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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Charity sector: resilience in the face of adversity


While the charity sector has shown remarkable resilience throughout the pandemic, there are concerns that government support is masking the true extent of the financial impact. We examine the prognosis for the year ahead.

Trade: maintaining supplies in a perfect storm


Manufacturers have had to contend with a number of trade and supply challenges to maintain orders. For Jasun Envirocare, the solution has been to review every process and supplier relationship.

Tax news in brief


Highlights from the broader tax news for the week ending 19 January 2022, including: changes to business rate eligibility for holiday homes; draft guidance for uncertain tax treatments; proposed changes to the disregard rules; and an update on social security coordination with France.

Calculating the cost of sustainability


Britvic will focus this year on ensuring the soft drinks company’s sustainability goals are entrenched in every decision, process and system.

Retail trade: time to renew processes (and grow green)


As retailers are forced to change processes to counter supply chain blockages and rising costs, they should take the opportunity to make sustainability part and parcel of the way they work, says Catherine Kelly, Head of Retail, Cooper Parry.

ICAEW announces new Regulatory Board Chair


Philip Nicol-Gent has stepped up to the role of Chair of the ICAEW Regulatory Board with immediate effect after his predecessor in the role, Jenny Watson CBE, was forced to stand down for unforeseen personal reasons after just two months in the role.

Omicron depresses services sector growth


The UK’s services sector is bearing the economic brunt of the rise in infections from the Omicron variant with growing numbers of staff isolating and increased consumer hesitancy, the latest research shows.

New VAT penalty regime deferred to January 2023


The VAT default surcharge was due to be replaced by new late submission and payment penalties and interest charges from April 2022. The introduction of the new regime has been deferred to January 2023 to allow HMRC more time to make the necessary systems changes.

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