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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.

Check your national insurance record before 5 April 2023


ICAEW urges those planning to claim the UK state pension to check their national insurance (NI) record before 5 April 2023. Currently, voluntary contributions can be made to plug gaps back to April 2006, but this will be curtailed from April. The Tax Faculty has created a checklist of actions.

The NAO: getting government accounts back on track


COVID-19 caused significant delays to government accounts production. With interest in public spending increasing, Lewis Knights and Rachel Farnsworth from the NAO’s Financial Audit Operations team explain how the NAO is working to get back on track.

UK company insolvencies rise to 13-year high


After seasonal adjustment, the number of individual insolvencies began to rise as Q4 2022 was 6% higher than Q3 2022, and 7% higher than in Q4 2021. But the worst is yet to come, warns RSM.

New HMRC interest rates for late and early tax payments


Following the Monetary Policy Committee decision to increase the Bank of England base rate to 4%, HMRC has announced increases to both interest charged on late paid tax and the rate paid on repayments of tax.

Why crypto is an opportunity for accountants


With more and more people dipping their toe into the world of crypto, accountants increasingly need to become experts in crypto tax compliance and financial planning. Daniel Howitt looks at how.

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