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Daily News

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

HMRC News

VAT Traders’ Records Manual

Thu, Dec 05, 2019

Guidance on the basic record keeping and accounting requirements that a trader is expected to comply with...

Detailed guide: Customs Declaration Service: service availability and issues

Thu, Dec 05, 2019

Check the availability and any issues affecting the Customs Declaration Services....

Contact the Brexit imports and exports helpline

Thu, Dec 05, 2019

Contact the helpline to get information about how you can import or export after Brexit....

Wine Guidance

Thu, Dec 05, 2019

Guidance to equip staff to understand wine and made-wine and to be able to deal with enquiries and carry out effective assurance visits....

Capital Gains Manual

Thu, Dec 05, 2019

This manual is to help people compute chargeable gains (and allowable losses) for both capital gains tax and corporation tax purposes or check computations. It supplements the basic guidance in the tax return and Help Sheets. It is written primarily for HMRC staff but it will also assist customers and their professional advisers. Customers filling in tax returns may not need to use the Capital ...

Trusts, Settlements and Estates Manual

Thu, Dec 05, 2019

An introduction to trusts, their income and gains and how HM Revenue & Customs treats them for tax purposes....

Guidance: CWG2: further guide to PAYE and National Insurance contributions

Thu, Dec 05, 2019

Find out about detailed Pay As You Earn (PAYE) and National Insurance contributions for current and previous years if you're an employer....

Detailed guide: Pay Corporation Tax if you’re a large company

Thu, Dec 05, 2019

Find out how to work out payments and when you should make them if your company’s annual taxable profits are between £1.5 million and £20 million....

Cider Guidance

Thu, Dec 05, 2019

Cider Manual...

Compliance Operational Guidance

Thu, Dec 05, 2019

Welcome to COG – process based guidance for compliance checks and assurance activity...

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

Investor to oppose Instructure's plans to sell to Thoma Bravo

Thu, Dec 05, 2019

Rivulet Capital, a large investor in Instructure Inc, on Thursday said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion,... ...

Top U.S. stockpickers keep low profile

Wed, Dec 04, 2019

The co-managers of the best stock mutual fund of this decade work out of a small office in Los Angeles, rarely talk with the financial media and have never appeared as guests on CNBC looking to raise... ...

U.S. banking regulators urge 'responsible use' of alternative lending data

Tue, Dec 03, 2019

U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure "responsible use" of non-traditional sources of financial data to help determine whether a... ...

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

Tue, Dec 03, 2019

The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in... ...

U.S. stock funds see fourth straight week of outflows: Lipper

Fri, Nov 29, 2019

U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on Friday. ...

Your Money: On #GivingTuesday, companies turbocharge holiday giving efforts

Wed, Nov 27, 2019

Four years ago, PayPal set out to break the Guinness World Record for the most money raised online for charity in 24 hours. ...

HSBC private banking sees double-digit asset, revenue growth on Asia boost

Tue, Nov 26, 2019

The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit's chief executive told... ...

Exclusive: Hedge fund Citadel's commodities business up about $1 billion for the year - sources

Tue, Nov 26, 2019

Citadel's commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world's... ...

Local hero: Florida hotelier Harris Rosen keeps his giving close to home

Tue, Nov 26, 2019

Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune. ...

Morgan Stanley fund offer for PNE too low: shareholders group SdK

Tue, Nov 26, 2019

Morgan Stanley Infrastructure Partners' offer for PNE which values the German renewable firm at 306 million euros ($337 million) is too low, small shareholders group SdK said on Tuesday. ...

Reuters: Business

Boeing says 737 MAX approval delays could hit production

Thu, Dec 05, 2019

Significant additional regulatory requirements or delays in returning Boeing Co's 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in an Oct. 18 letter released on Thursday. ...

Facebook sues ILikeAd, alleges ad fraud

Thu, Dec 05, 2019

Facebook Inc on Thursday sued a Hong Kong company that it said baited people into clicking on celebrities' photos and bogus advertising links, so it could install malware and run ads for counterfeit goods, diet pills and male enhancement supplements. ...

No apology to Elon Musk from British diver at 'pedo guy' defamation trial

Thu, Dec 05, 2019

The British cave explorer suing Elon Musk for calling him a "pedo guy" on Twitter testified on Thursday that his criticism of the Tesla Inc chief executive that led to the tweet was not a personal attack. ...

United Auto Workers union names reformer Gamble president until 2022

Thu, Dec 05, 2019

The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union until June 2022 as he pledged a series of reforms following a criminal investigation into illegal payoffs that has rocked the union. ...

Huawei mounts legal challenge against FCC over rural carrier customers

Thu, Dec 05, 2019

China's Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program. ...

Saudi Aramco prices shares at top of range in world's biggest IPO

Thu, Dec 05, 2019

RIYADH/DUBAI Reuters - State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. ...

Wall Street inches higher as Dec. 15 tariff deadline looms

Thu, Dec 05, 2019

Wall Street eked out slight gains on Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China before a new round of tariffs scheduled to kick in on Dec. 15. ...

Global stocks falter on trade uncertainty; sterling gains

Thu, Dec 05, 2019

The dollar slid and global equity markets traded little changed on Thursday as enthusiasm over Apple shares was offset by doubts about the likelihood of a "phase one" trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. ...

Airbus faces delivery challenge, poised to win jet order race

Thu, Dec 05, 2019

Airbus must hand a record number of aircraft to customers in December to meet delivery goals, company data showed on Thursday, and is all but certain of winning an annual order race against Boeing. ...

GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

Thu, Dec 05, 2019

General Motors Co and South Korea's LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities. ...