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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

HMRC News

Form: Corporation Tax: close company loans and arrangements to confer benefits on participators (CT600A (2015) Version 3)

Tue, Apr 24, 2018

Updated: A Welsh version of form CT600A (2015) Version 3 has been added.Use these supplementary pages if a company is close (a close company is a company controlled by 5 or fewer participants) and made a loan which has not been repaid within the period. Please check if you are required to submit this form online before downloading and sending it in the post. Find out more about who must submi...

Form: Corporation Tax: insurance (CT600D (2015) version 3)

Tue, Apr 24, 2018

Updated: Welsh translation addedUse these supplementary pages if your company has been involved in Overseas Life Assurance Business. Please check if you’re required to submit this form online before downloading it and sending it in the post. Find out more about who must submit an online Company Tax Return. Related forms and guidance Corporation Tax: Company Tax Return (CT600 (2018) version ...

Form: Corporation Tax: Tonnage Tax (CT600F (2015) version 3)

Tue, Apr 24, 2018

Updated: Welsh translation addedUse these supplementary pages if your company operates ships and is party to a Tonnage Tax election. Please check if you’re required to submit this form online before downloading and sending it in the post. Find out more about who must submit an online Company Tax Return. Related forms and guidance Corporation Tax: Company Tax Return (CT600 (2018) version 3) ...

Policy paper: Penalties: changes to the Customs (Contravention of a Relevant Rule) Regulations 2003

Tue, Apr 24, 2018

This amendment is to make sure UK law concerning civil penalties refers to the most recent version of the EU legislation with which it was intended to operate. ...

Policy paper: Export penalties: changes to the Export (Penalty) Regulations 2003

Tue, Apr 24, 2018

This amendment is to make sure UK law concerning civil penalties refers to the most recent version of the EU legislation with which it was intended to operate. ...

Collection: ISA managers' bulletins

Tue, Apr 24, 2018

Updated: ISA manager bulletin 77 added.ISA bulletins help keep ISA managers informed of any new developments relating to the ISA scheme. ISA bulletins up to number 55 are held at The National Archives ...

Guidance: ISA manager bulletin 77

Tue, Apr 24, 2018

The bulletin keeps ISA managers informed of any new developments for the ISA scheme. Please ensure the appropriate people in your organisation read it. HMRC suggest that you keep bulletins at the front of your copy of the guidance notes for ISA managers. ...

Notice: Notice 600: classifying your imports or exports

Tue, Apr 24, 2018

Updated: Information on when to register for an EORI to get a BTI decision, how to complete the new format electronic form and updated contact details added at section 3.6, contact details in sections 4 and 6 also updated.This notice cancels and replaces the previous version (6 July 2016). ...

Detailed guide: Seeking clearance or approval for a transaction

Tue, Apr 24, 2018

Updated: The address for the Clearance and Counteraction Team has been updated. HMRC will not give clearances or advice for the application of the ‘settlements legislation’ in Chapter 5 Part 5 Income Tax (Trading and Other Income) Act 2005 or the tax consequences of executing non-charitable trust deeds or settlements. Clearances and the general anti-abuse rule HMRC will not give either form...

Guidance: Mortgage providers and lenders who accept a SA302 tax calculation and a tax year overview

Tue, Apr 24, 2018

Updated: List amended to remove Metro Bank.These lenders accept either: a copy of your tax calculation (SA302) printed from your HM Revenue and Customs (HMRC) online account a tax calculation printed from commercial software used to submit returns The lenders will also need a tax year overview, which you can print from your HMRC online account. Always check with the lender or mortgage ...

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

DoubleLine's Gundlach says U.S. Treasuries 'not attractive'

Tue, Apr 24, 2018

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were "not attractive" even though the 10-year yield <US10YT=RR>, a... ...

Wells Fargo investors back leaders despite protests

Tue, Apr 24, 2018

DES MOINES, Iowa/NEW YORK (Reuters) - Wells Fargo & Co investors gave strong backing to the bank's directors and executives on Tuesday, indicating they are ready to give its revamped leadership time... ...

No love for U.S. bank stocks as Treasury yield hits four-year high

Tue, Apr 24, 2018

(Reuters) - Shares in the biggest U.S. banks, typically buoyed by rising interest rates, dipped Tuesday after the benchmark U.S. Treasury yield topped 3 percent for the first time in four years and... ...

High-profile investors bet on stocks tied to millennials: Sohn Conference

Tue, Apr 24, 2018

NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the... ...

Gundlach says buy oil producers, bet against Facebook: Sohn Conference

Mon, Apr 23, 2018

NEW YORK (Reuters) - Billionaire investor Jeffrey Gundlach on Monday said investors should consider betting against Facebook Inc because the prospect of regulation still hangs over the social media... ...

Zurich court backs Julius Baer in East German assets row

Tue, Apr 24, 2018

ZURICH (Reuters) - A Swiss appeals court has ruled in favor of private bank Julius Baer in a suit by a German agency hunting East German assets that went missing after the fall of the Berlin Wall,... ...

Goldman names new head of private wealth management for Americas

Mon, Apr 23, 2018

(Reuters) - Goldman Sachs Group Inc on Monday named company veteran John Mallory to lead its private wealth management business in the Americas. ...

Glenview's Robbins says talk of Amazon's entering pharma is overblown

Mon, Apr 23, 2018

NEW YORK (Reuters) - Glenview Capital Management Chief Executive Larry Robbins said on Monday at the Sohn Investment Conference in New York that he still likes a trio of stocks he already owns,... ...

U.S. fund managers brace for trade war with focus on pricing power

Mon, Apr 23, 2018

NEW YORK (Reuters) - Investors' fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to... ...

Low profile hedge funds post high returns in year after New York Sohn conference

Mon, Apr 23, 2018

NEW YORK (Reuters) - One of the year's most popular events for fund managers, the Sohn Investment Conference, will be held in New York on Monday, but if history is any guide, some of the industry's... ...

Reuters: Financial Services and Real Estate

Asian shares spooked by rising U.S. yields, cost worries

Tue, Apr 24, 2018

TOKYO (Reuters) - Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the 3 percent threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon. ...

Shire says willing to recommend Takeda's $64 billion offer to shareholders

Tue, Apr 24, 2018

LONDON/NEW YORK (Reuters) - London-listed drugmaker Shire Plc said it was willing to recommend a deal with Takeda Pharmaceutical Co to its shareholders, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion). ...

GM, South Korea in talks to raise investment plan from $2.8 billion: source

Tue, Apr 24, 2018

SEOUL (Reuters) - General Motors and South Korea are in talks to increase the size of their investment in the U.S. automaker's local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday. ...

Apple shares drop on more warnings from iPhone supply chain

Tue, Apr 24, 2018

SAN FRANCISCO (Reuters) - Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones. ...

DoubleLine's Gundlach says U.S. Treasuries 'not attractive'

Tue, Apr 24, 2018

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were "not attractive" even though the 10-year yield <US10YT=RR>, a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day. ...

Trump says NAFTA talks going 'nicely,' Canada sees progress on auto rules

Tue, Apr 24, 2018

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord. ...

Coke warns of pain from UK sugar tax, U.S. freight costs

Tue, Apr 24, 2018

(Reuters) - Coca-Cola Co said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the first three months of 2018. ...

Protesters greet Amazon's Jeff Bezos in Germany

Tue, Apr 24, 2018

BERLIN (Reuters) - Hundreds of Amazon workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm's chief executive. ...

Lockheed lauds U.S. arms sales push, sees foreign sales rising

Tue, Apr 24, 2018

BERLIN (Reuters) - Top U.S. weapons maker Lockheed Martin Corp welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past. ...

Bitcoin climbs to six-week high as market sentiment improves

Tue, Apr 24, 2018

NEW YORK (Reuters) - Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market. ...