If the UK leaves the EU without an agreement in place after 29 March 2019, the government will introduce postponed accounting for import VAT on goods being brought into the UK and UK businesses will no longer be able to use the MOSS portal to pay VAT on sales of digital services, according to one of the many no deal Brexit papers released

Mark Orton and Will Wright, partners from KPMG’s restructuring practice have been appointed as joint administrators for Towcester racecourse, where 134 staff have lost their jobs

The Financial Ombudsman Service (FOS) and other industry bodies have signalled they want banks to do more to tackle authorised push payment (APP) fraud, saying they should review their response to people and businesses who unwittingly act on fraudsters’ instructions and carry out the transactions themselves

Alexander Kinninmonth, partner, and Richard Brewer, director, of RSM restructuring have been appointed joint administrators of Eastleigh-based transport, distribution and warehouse company Harris Transport Ltd which has collapsed with the loss of upwards of 70 jobs as a result of recent trading difficulties

The RSPCA has been rapped over the knuckles by the Charity Commission, which has issued the charity with an official warning after finding that a group of trustees failed to ensure they were sufficiently informed before making a reported six-figure settlement offer to the former acting chief executive

The lack of progress on agreement on a trading model and customs arrangements post-Brexit highlights the inherent differences between current EU trade and the customs rules governing non-EU trade. David McGeachy, partner and national head of VAT at Saffery Champness explains

HMRC has been accused of ‘jumping the gun’ in its latest communication on back pay arrangements for ‘sleep-in’ carers, which at one point looked likely to create a £400m back pay liability for service providers, with a social care industry group calling for further clarification

HMRC is consulting on plans to alter the way it charges fees to the businesses it supervises under money laundering regulations, saying its income from this needs to increase by 80% - 100% to cover the costs of a significant number of new staff

Despite high profile insolvencies continuing to hit the headlines, the total number of companies in England and Wales entering into administration during the second quarter of 2018 fell sharply, according to a study by KPMG

Raising interest rates amidst a climate of trade wars and stalling global trade is a high risk policy, particularly since the pace of economic growth is set to slow in the second half of 2018, argues Chris Williamson

Research suggests 47% of the UK’s SMEs have started planning for the various possible outcomes from Brexit, with a third predicting potential supply chain disruption, ahead of the government’s publication of a series of technical notices covering the potential business impacts in the event of a no-deal scenario

Andy Haldane, the chief economist at the Bank of England, has called on the UK to initiate a skills revolution, warning that the growth of artificial intelligence (AI) may make many jobs disappear