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Daily News

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

HMRC News

Form: Guardian's Allowance: claim form (BG1)

Tue, Apr 23, 2019

Claim Guardian's Allowance if you're bringing up a child whose parents have died....

Detailed guide: Customs warehousing

Tue, Apr 23, 2019

Find out how to set up and use a customs warehouse to store goods with duty or import VAT suspended....

Notice: Excise Notice 263: marine voyages - relief from fuel duty

Tue, Apr 23, 2019

This notice is about the entitlement and procedures for reclaiming Excise Duty on fuel used in making marine voyages....

Guidance: Use software to send Income Tax updates: service availability and issues

Tue, Apr 23, 2019

Check the availability and any issues affecting this service....

Form: Apply for a licence to produce wine or made-wine (WMW1)

Tue, Apr 23, 2019

If you intend to produce wine or made-wine for sale, or if you're a commercial grower, you should apply for a licence using form WMW1....

Guidance: Find a list of professional bodies approved for tax relief (list 3)

Tue, Apr 23, 2019

Check the HMRC list of professional bodies and learned societies with tax-deductible fees....

Detailed guide: Help and support for Self Assessment

Tue, Apr 23, 2019

Watch videos and webinars to get help with Self Assessment....

Detailed guide: Help and support for traders if the UK leaves the EU with no deal

Thu, Apr 18, 2019

Watch videos about trading with the EU if the UK leaves without a deal....

Guidance: Hybrid capital instruments technical note

Thu, Apr 18, 2019

This technical note is about new tax rules for loan relationships that are hybrid capital instruments. ...

Guidance: High value dealer guidance for money laundering supervision

Thu, Apr 18, 2019

How to help prevent money laundering and terrorist financing if you are a high value dealer....

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

UBS Wealth closes U.S. equity overweight, favors emerging stocks

Thu, Apr 18, 2019

UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday. ...

Collapsed hedge fund Columna sues Permira-backed former managers

Thu, Apr 18, 2019

The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost... ...

Exclusive: Advent readies new $2.2 billion Latam private equity fund - sources

Thu, Apr 18, 2019

U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. ...

Norway's wealth fund extends ownership of New York real estate

Wed, Apr 17, 2019

Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday. ...

Bridgewater warns of peak U.S. profit margins, lower stock prices

Wed, Apr 17, 2019

The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest... ...

Corvex's Meister likes Diamondback Energy after it bought Energen

Tue, Apr 16, 2019

Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year. ...

Starboard takes new position in KAR Auction Services

Tue, Apr 16, 2019

Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday. ...

Short European stocks still 'most crowded trade,' BAML survey shows

Tue, Apr 16, 2019

Short positioning on European equities was the "most crowded trade" for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found. ...

Meditate to the tax finish line

Fri, Apr 12, 2019

Stressed out by the tax deadline on April 15? ...

How to create connections at work in the age of isolation

Fri, Apr 12, 2019

If an overflowing inbox is killing your productivity at the office, you are not alone. ...

Reuters: Business

S&P 500, Nasdaq hit record closing highs on upbeat earnings

Tue, Apr 23, 2019

The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown. ...

Texas Instruments revenue, profit beat estimates; shares rise

Tue, Apr 23, 2019

Chipmaker Texas Instruments reported better-than-expected first-quarter profit and revenue on Tuesday, offering hope that a slowdown in demand for microchips late last year may not be as long-lasting as feared. ...

EBay beats quarterly revenue estimates

Tue, Apr 23, 2019

EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the company's multi-year effort to make its ecommerce platforms more user friendly attracted more customers. ...

U.S. expands air bag defect probe to 12.3 million vehicles

Tue, Apr 23, 2019

The U.S. National Highway Traffic Safety Administration is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls, it said on Tuesday. ...

Snap returns to user growth on new shows, Android app; shares jump

Tue, Apr 23, 2019

Snap Inc on Tuesday beat Wall Street targets for quarterly revenue as its photo-messaging app Snapchat added users for the first time in three quarters, backed by the popularity of its original shows and the launch of a new Android app, sending its shares up 12 percent. ...

Oil surges amid OPEC caution to offset Iran sanctions

Tue, Apr 23, 2019

Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude. ...

FAA paves way for Alphabet unit to make first U.S. drone deliveries

Tue, Apr 23, 2019

Alphabet Inc's Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S. air carrier certification, the Federal Aviation Administration said. ...

U.S. accuses pair of stealing secrets, spying on GE to aid China

Tue, Apr 23, 2019

A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, according to an indictment unsealed by the U.S. Justice Department on Tuesday. ...

World stocks rally, near U.S. record highs, oil gains

Tue, Apr 23, 2019

Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. ...

Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise

Tue, Apr 23, 2019

Strong demand for Coca-Cola Co's zero-calorie drink Coke Zero Sugar, new orange-vanilla cola and flavored waters pushed the beverage maker's quarterly sales and profit well above Wall Street estimates, sending its shares up as much as 3 percent on Tuesday. ...