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Latest ICAEW Insights and accountancy news for March 2021

All the latest news about ICAEW and the accountancy profession.

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Tax implications of the UK’s new freeports explained


Eight new freeports offering significant tax incentives will start operating across England by the end of 2021. ICAEW’s Tax Faculty is hosting a free webinar for its members outlining the potential benefits and pitfalls for businesses.

HMRC enquiry is valid if taxpayer’s agent acts upon it


In deciding the Tinkler case the Supreme Court has ruled that despite HMRC sending an enquiry notice to the wrong address, the taxpayer could not claim the enquiry was invalid as his tax advisers acknowledged the enquiry.

Tax news in brief


Highlights from the broader tax news week ending 4 Aug, which includes: confirmation of closure of UK customs systems; updated guidance on cross-border NI and social security payments; OBR forecast requested for late October; and time limit to opt to tax land reverts to 30 days, but e-signatures remain.

FRC report boosts case for diverse board


The case for diverse boards was given further clout after new research published by the FRC supported the thesis that it leads to better corporate culture and performance as well as benefiting businesses from a social justice perspective.

Can job sharing boost accountancy’s bottom line?


NGOs and parliamentarians have urged the UK Government to take action to make job sharing a mainstream working practice. With the pandemic driving flexibility in the workplace, is job sharing a viable option for the accountancy industry?

UK Government spells out new innovation strategy


A new strategy promising to create the right conditions for businesses to turn scientific and technical innovations into new products and services has been laid out by government.

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