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Latest ICAEW Insights and accountancy news for May 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.

Chart of the week: Australia Budget 2021-22


This week's chart explores how despite a negative fiscal balance of A$103bn, the Australian federal budget has weathered the pandemic relatively well compared with many other major economies.

Businesses may need to set up a new direct debit mandate for VAT


HMRC is writing to more than 150,000 VAT-registered businesses where it doesn’t hold a valid email address, explaining what they need to do to continue paying their VAT by direct debit. ICAEW’s Tax Faculty explains that this relates to the transfer of VAT records to a new database.

Fighting with a double-edged sword


Amir Dossal’s work for the UN has relied on trust to accomplish nearly everything he’s done. He believes social media is a double edged sword.

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