This month’s update from the ICAEW Professional Standards Department includes a newly issued risk alert for new audit tenders, additional guidance on the UK ban of the provision of accountancy services to Russia and another case study on how our latest training film is being used.
Latest ICAEW Insights and accountancy news for March 2021
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.
This month’s top technical stories include a raft of tax announcements from the mini-Budget, government corrects previous statements on the amount employers can reimburse for business travel, and ICAEW’s response to consultation on repayment agents.
EY Chief Economist Peter Arnold talks through the factors creating volatility and uncertainty in the global economy and offers advice on how businesses should respond.
If there’s one thing the UK and global economy has sorely lacked lately, it’s certainty. With so many unknown factors having an influence at the moment, how can we bring it back?
Investors want solid environmental, social and governance (ESG) evidence from the businesses they put money into. This demand can push companies to invest in solid ESG plans.
Competitive tax rates and incentives can encourage investment, but applying this is not quite as simple as it might first seem.
Amid acute requirements for upskilling and reskilling, does our skills infrastructure have what it takes to train the workforce of the future?
Chancellor Kwasi Kwarteng confirms that the corporate tax rate increase in April 2023 will be cancelled and that the temporary £1m annual investment allowance limit will become permanent.
Government publishes response to alcohol duty consultation.
Scheme returns allowing overseas visitors to claim back the VAT paid on purchases of goods taken home in their personal baggage.
The government announced that it will introduce investment zones across the UK as part of its plan for growth. Investment zones will benefit from tax incentives, planning liberalisation and wider support for the local economy.
Following the Monetary Policy Committee decision to increase the Bank of England base rate to 2.25%, HMRC has announced increases to both interest charged on late paid tax and the rate paid on repayments of tax.
A fall in headline inflation to 9.9% in August down slightly from 10.1% in July is likely to be a transient moment of calm in a continuing storm. So what does rising inflation mean for pension savers and other investors?
Ongoing economic disruption requires boards to sound out the business and help manage risk by asking the right questions at the right time.
The new government’s mini-budget cuts headline income tax rates to support its pro-growth agenda, encourage spending and incentivise entrepreneurship.