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Hear what our partners are saying on topical issues impacting the accountancy profession.

Uncovering fraud in the age of COVID-19

The COVID-19 pandemic pandemic brings new opportunities for financial fraud. Read the report from Confirmation where they provide key insights to help audit firms meet their responsibility to detect fraud.

Plan for the good, protect against the unexpected

What if the unwanted or unexpected happens? Would your plans fall apart? In this article, financial planning and investment company Tilney demonstrates why solid financial plans start with protection.

Tax penalties on pensions and how to avoid them

UK nationals risk up to 55% taxation if pension funds exceed the lifetime allowance on any one of 13 Benefit Crystallisation Events (BCEs) and 25% on some overseas pension transfers. But there are steps to take to limit exposure, writes Jason Porter, director of specialist expatriate tax and wealth management firm Blevins Franks.

Furlough Leave: New Treasury Direction (22 May 2020)

On 15 April 2020, the Government published a Treasury Direction on the Coronavirus Job Retention Scheme (the Scheme). This was updated last Friday (22 May 2020) and the full updated Direction can be found here but in summary, these are the major changes and clarifications.

Issues arising out of the UK’s Coronavirus Job Retention Scheme

The UK’s Coronavirus Job Retention Scheme (CJRS), commonly referred to as the furlough scheme, has been designed and made operational in a matter of weeks with quite a lot of thinking by Government ‘on the hoof’. Thus, the guidance has fallen in a piecemeal fashion, making it challenging for employers to liaise with staff and take appropriate action.

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