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Image for rail services cut response covid 19

Business | Rail services cut in response to covid-19

Following on from a restriction of transport services in London, the government has agreed with rail operators to reduce national rail service levels to help tackle the spread of covid-19

20 Mar 2020

Business

Companies

Finance | IASB seeks detailed disclosures on business acquisitions

The International Accounting Standards Board (IASB) is seeking views on potential changes to IFRS standards regarding business acquisitions, to make it easier for investors to assess the performance of any acquisitions

20 Mar 2020

Tax | Making Tax Digital serviceability levels too low

HMRC has released a slew of research reports on progress with its flagship Making Tax Digital (MTD) online reporting regime, suggesting that businesses which have fully automated are seeing some benefits, but those with a hybrid approach are finding the transition more challenging

20 Mar 2020

Business | Schools to close from Friday

Schools across the UK will be closed from end of play on Friday 20 March due to coronavirus, but children of vital workforce will resume school time

19 Mar 2020

Business

Companies

Accountancy Firms

Leadership & Management

Image for chancellor convenes emergency meeting business groups and unions

Tax | Chancellor convenes emergency meeting with business groups and unions

Representatives of business groups and the unions attended an emergency roundtable on coronavirus this afternoon hosted by the Chancellor, Rishi Sunak

19 Mar 2020

Tax | Consultation on tightening construction industry scheme (CIS) rules

HMRC has launched a 10-week consultation on ways to tackle abuse of the Construction Industry Scheme (CIS) to prevent tax loss, including new powers to correct deductions

19 Mar 2020

Tax | Bank of England cuts base rate to 0.1%

The Bank of England has cut the base rate 0.1% and increased its holdings of UK government and corporate bonds by £200bn

19 Mar 2020

Tax | Q&A: coronavirus and statutory sick pay

Statutory sick pay (SSP) is now payable from day one of a sickness absence for qualifying staff due to the coronavirus crisis. Croner Taxwise employment experts explain

19 Mar 2020

Leadership & Management

Image for thomas cook collapse depletes travellers compensation fund

Finance | Thomas Cook collapse depletes travellers’ compensation fund

The collapse of Thomas Cook cost the government at least £156m, and has severely compromised the ability of the travel industry’s own compensation fund to cope with another operator’s failure, the National Audit Office (NAO) warns

19 Mar 2020

Tax | Chancellor tells MPs business loans effective 'beginning of next week'

Chancellor Rishi Sunak told MPs at a Treasury committee hearing the justifications for the government's decision to provide loans not grants for businesses and stressed that detailed guidance would be available from the start of next week, reports Zak Jakubowski

19 Mar 2020

Business | London’s transport network cut back in face of coronavirus

Transport for London (TfL) has announced major changes to the capital’s transport network which will see Tube and bus services cut back to enable London's critical workers to make essential journeys during the current coronavirus crisis

19 Mar 2020

Business

Companies

Accountancy Firms

Image for itv loses eight year battle over pension scheme deficit

Business | ITV loses eight-year battle over pension scheme deficit

ITV has lost a long-running legal battle with The Pensions Regulator (TPR) and has been given six months to put in place financial support for a pension scheme with a deficit of around £115m

19 Mar 2020

Business

Companies

Pensions

Image for additional postponement ifrs 17 insurance contracts

Finance | Additional postponement for IFRS 17 insurance contracts

The International Accounting Standards Board (IASB) has announced a further one-year deferment of the implementation date for IFRS 17 Insurance Contracts, so the effective date for the standard will now be 2023

19 Mar 2020

Tax | HMRC ramps up ethanol approvals for scarce hand sanitiser

Manufacturers of hand sanitisers and gels will have their applications for denatured alcohol – ethanol – fast tracked during the coronavirus outbreak, HMRC has confirmed

18 Mar 2020

Tax | Employee counselling added to non-taxable benefit list

Specialist counselling, such as cognitive behavioural therapy, is to be added to the list of non-taxable occupational health services provided by employers, in a bid to support improvements in individuals’ health

18 Mar 2020

Leadership & Management

Image for travelex owner moves towards insolvency

Business | Travelex owner moves towards insolvency

Finablr, the FTSE 250 listed owner of foreign exchange firm Travelex, is in discussions with an unnamed accounting firm with a view to going into insolvency

18 Mar 2020

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Tax Services

Latest news

Business | Rail services cut in response to covid-19

Finance | IASB seeks detailed disclosures on business acquisitions

Tax | Making Tax Digital serviceability levels too low

Business | Schools to close from Friday

Tax | Chancellor convenes emergency meeting with business groups and unions

Tax | Consultation on tightening construction industry scheme (CIS) rules

Tax | Bank of England cuts base rate to 0.1%

Tax | Q&A: coronavirus and statutory sick pay

Finance | Thomas Cook collapse depletes travellers’ compensation fund

Tax | Chancellor tells MPs business loans effective 'beginning of next week'

Business | London’s transport network cut back in face of coronavirus

Business | ITV loses eight-year battle over pension scheme deficit

Finance | Additional postponement for IFRS 17 insurance contracts

Tax | HMRC ramps up ethanol approvals for scarce hand sanitiser

Tax | Employee counselling added to non-taxable benefit list

Business | Travelex owner moves towards insolvency