As the government begins to unwind its Coronavirus Job Retention Scheme over the coming months, LEBC’s Kay Ingram looks at how pensions will be affected by the changes
The Chancellor’s £30bn plan for jobs, which will see the current furlough scheme wound down in favour of a series of measures to encourage the creation of new positions, has been broadly welcomed for its focus on younger workers, and the opportunities for re-training
The government plans to offer an ‘amnesty’ to employers who have furloughed employees during the coronavirus crisis without meeting the formal conditions of the scheme, enabling them to repay sums without penalties or further sanctions
Half of companies believe the cost of a third-party incident has at least doubled in the past five years, according to Deloitte survey, with Covid-19 predicted to further increase need for investment in risk management
Just four months after his first Budget, Chancellor Rishi Sunak has unveiled a summer economic update designed to mitigate the impact of the Covid-19 pandemic, with a commitment to encouraging job creation through a government ‘plan for jobs’ and stimulus for consumer spending
As innovative companies turn to Future Fund loans for additional funding during the Covid-19 crisis, McCarthy Denning’s Guy Avshalom warns businesses could find themselves with powerful new shareholders if the debt converts to equity
Early reaction to the Chancellor’s summer update of measures to combat the economic challenges posed by Covid-19 has been largely positive, although there has been surprise at the lack of support for some badly affected sectors such as retail and aviation
The Financial Reporting Council (FRC) has hit Grant Thornton UK with a £3m fine, discounted to £1.95m, over a series of ethical and independence failures in its auditing of Conviviality Retail, part of the collapsed alcohol wholesaler and retailer group
Around a dozen universities could plunge into insolvency as a result of the Covid-19 crisis, which poses a significant financial threat to the UK higher education sector, according to research by the Institute for Fiscal Studies (IFS)
Despite calls for UK corporates registered offshore to be denied government help during the coronavirus crisis, Andersen Tax’s Miles Dean argues that support could save thousands of jobs
Chancellor Rishi Sunak is to deliver a ‘summer economic update’ tomorrow, 8 July, outlining the government’s plans to support the economy through the first phase of recovery from the coronavirus crisis, with likely options including temporary tax cuts, funding for green projects, and job creation schemes
The Financial Conduct Authority (FCA) is seeking to impose a £658,900 market abuse fine on Conor Foley, former CEO of failed spreading betting firm Worldspreads, and ban him from performing any roles linked to regulated activity
Angela MacDonald has been named as the HMRC’S new deputy chief executive, succeeding Jim Harra who vacated the position in October 2019 when he took on the top role as HMRC’s chief executive
The Charity Commission has opened a statutory inquiry into Humanity Torbay over serious concerns about the trustees’ oversight and management of the charity, including the handling of its accounts
In our regular Q&A series from Croner Taxwise, VAT adviser, Priyesh Mistry explores the VAT implications on the acquisition of land and the additional work carried out to repurpose that land for a car park, how much input tax can be recovered?