Companies

Image for wet pubs offered ps1000 covid grant

Business | ‘Wet’ pubs offered £1,000 Covid grant

There is to be an additional £1,000 grant for ‘wet-led pubs’ in tiers 2 and 3 who will miss out on business in the run up to Christmas because of the tighter restrictions on opening

2 Dec 2020

Tax | Tesco to pay back £585m Covid business rates relief

Tesco is to repay all of the £585m of business rates relief the company received in respect of the Covid-19 pandemic, saying it was ‘absolutely committed to doing the right thing’

2 Dec 2020

Business | Legal updates: December 2020

In this month’s round up, Gateley Legal’s Sophie Brookes examines whether Covid-19 had a ‘material adverse effect’ in Travelport, complexities over ‘no reflective loss’ principle, and updated Companies House guidance on People with Significant Control (PSC) regime

2 Dec 2020

Law & Guidance

Tax | Total tax take for UK’s largest companies hits £84.1bn

The UK’s biggest companies paid £84.1bn in tax during the 2019/20 financial year, the largest amount for a decade, in the run-up to the start of the Covid-19 crisis, according to research by PwC for the 100 Group of finance directors

1 Dec 2020

Business | Deloitte appointed to Arcadia administration

Matt Smith and Dan Butters, together with other restructuring partners at Deloitte, have been appointed as joint administrators to the Arcadia Group Ltd, and various subsidiary companies, as part of a trading administration

1 Dec 2020

Pensions

Image for calculating capital gains tax losses cpd module new 0

Tax | Calculating capital gains tax losses - CPD module – NEW

This month's exclusive Accountancy Daily CPD module acts as a guide to the effective use of capital losses, covering what losses are allowable, their restrictions, tax efficiency and more

1 Dec 2020

Finance | IASB set to amend IFRS 3 for M&As under common control

The International Accounting Standards Board (IASB) is consulting on possible new accounting requirements under current IFRS 3 standard for mergers and acquisitions involving companies within the same group

1 Dec 2020

Tax | Q&A: post Brexit supplies of digital services (VAT MOSS)

In our regular Q&A series, Croner Taxwise, senior VAT consultant, Hilary Budd, explores how Brexit will affect digital service providers using VAT Mini One Stop Shop (VAT MOSS) to account for VAT on sales to EU consumers

1 Dec 2020

Business | CBILS applications to surge by 84% for winter survival

Government-backed Coronavirus Business Interruption Loan Scheme (CBILS) applications set to soar as business loans dwindle and cash flow dries up, according to MarketFinance

30 Nov 2020

Image for retailer arcadia teetering towards administration

Business | Retailer Arcadia teetering towards administration

Fears are growing that Arcadia group, which includes high street retailers Topshop, Burton and Dorothy Perkins, will go into administration this week, putting 13,000 jobs at risk

30 Nov 2020

Careers

Leadership & Management

Image for frc look review standard interim financial statements

Finance | FRC to look at review standard for interim financial statements

The Financial Reporting Council (FRC) is consulting on proposals to revise its review standard for interim financial statements, to ensure the level of work carried out by auditors reflects wider expectations on going concern

30 Nov 2020

Auditing

Corporate Governance

Accounting Consultations

Accountancy Firms

Image for digital markets unit launched create pro competition tech regime

Business | Digital markets unit launched to create pro-competition tech regime

The government is to set up a dedicated digital markets unit (DMU) to tackle what it says are unfair and uncompetitive practices used by dominant tech platforms, such as Google and Facebook

30 Nov 2020

Tax | SEISS update: third self-employed grant now available

As the third Self Employment Income Support Scheme goes live, Croner-i tax writer Stephen Relf ACA CTA unpicks the latest guidance from HMRC, warning of important differences with earlier grants

30 Nov 2020

Leadership & Management

Business | Take back control of time

If work feels overwhelming at the moment, take back control by changing mindset, dealing with interruptions and adding more structure to the day, advises AVN’s Shane Lukas

27 Nov 2020

Leadership & Management

Image for iirc sasb merge new standards body

Business | IIRC, SASB to merge into new standards body

As investor pressure for improved sustainability reporting increases, the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) are to merge into a unified international organisation, the Value Reporting Foundation

27 Nov 2020