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Daily News

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

HMRC News

Guidance: Excise Movement and Control System: service availability and issues

Thu, Dec 13, 2018

Check the availability and any issues affecting the Excise Movement and Control System (EMCS) online service....

Detailed guide: Government Gateway replacement: services that have moved

Thu, Dec 13, 2018

How to access government services that no longer use the Government Gateway website....

Detailed guide: Stamp Duty Land Tax: relief for land or property transactions

Thu, Dec 13, 2018

Find out about the main reliefs available for Stamp Duty Land Tax (SDLT)....

Guidance: Employer Bulletin: December 2018

Thu, Dec 13, 2018

A bi-monthly magazine for employers and agents giving up-to-date information on payroll topics. ...

Guidance: Self Assessment technical specifications (2019): individual returns

Thu, Dec 13, 2018

Use this technical documentation for individual returns if you're a software developer working with the Self Assessment Online service. ...

Guidance: Self Assessment technical specifications (2019): trust and estate returns

Thu, Dec 13, 2018

Trust and estate returns technical specifications for Self Assessment Online software developers....

Guidance: Self Assessment technical specifications (2019): partnership returns

Thu, Dec 13, 2018

Partnership returns technical specifications for Self Assessment Online software developers....

Guidance: Self Assessment technical specifications (2019): generic documents

Thu, Dec 13, 2018

Use this technical documentation if you're a software developer working with the Self Assessment Online service. ...

Open consultation: Draft guidance: Life assurance manual

Thu, Dec 13, 2018

HMRC is seeking comments on this draft guidance about the Corporation Tax treatment of insurance companies writing life assurance and other long-term insurance business....

Research and analysis: Employer National Insurance contributions reliefs for apprentices under 25 and employees under 21

Thu, Dec 13, 2018

This research explores the impact of employer NICs reliefs and whether they have increased the hiring of young people and apprentices. ...

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

A higher Social Security retirement age comes with risks for many workers

Thu, Dec 13, 2018

Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program. ...

U.S. fund investors compound pain for bond markets

Wed, Dec 12, 2018

U.S. fund investors sold more bonds in December's opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments... ...

DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows

Tue, Dec 11, 2018

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows. ...

Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever

Tue, Dec 11, 2018

Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger... ...

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

Mon, Dec 10, 2018

Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal... ...

In a tight labor market, companies bet big on five-year rewards

Mon, Dec 10, 2018

In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company. ...

Investors flee bonds and stocks in turbulent week for growth and trade

Fri, Dec 07, 2018

Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at... ...

Medicare Advantage plans get unfair push from U.S. government: critics

Fri, Dec 07, 2018

Insurance companies do not need any help marketing Medicare Advantage plans - just ask anyone over age 65 about the pitches that clog their mailboxes every year during the fall enrollment period, or... ...

Employee rights group says Wells Fargo declined planned meeting

Thu, Dec 06, 2018

A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by... ...

BlackRock's Rieder buying longer-term bonds as Fed pause seems likely

Thu, Dec 06, 2018

BlackRock Inc's Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this... ...

Reuters: Business

Qualcomm to file suits in Chinese courts to ban iPhone XS, XR sales

Thu, Dec 13, 2018

Chipmaker Qualcomm Inc is asking courts in China to ban sales of Apple Inc's latest iPhone models XS and XR after winning a preliminary injunction against older models, the company confirmed on Thursday. ...

Standard Chartered axes over 200 jobs in India: source

Thu, Dec 13, 2018

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday. ...

ECB ends crisis-fighting bond buys but eyes increasing risks

Thu, Dec 13, 2018

The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil. ...

Vitol, rival oil traders in spotlight of Brazil bribery probe

Thu, Dec 13, 2018

Brazil's epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. ...

Factbox: The trading firms under investigation in Brazil graft probe

Thu, Dec 13, 2018

Last week, Brazilian investigators accused four of the world's largest oil-trading firms of participating in a corruption scheme focused on Brazil's state-controlled oil company Petrobras. ...

Apple plans new $1 billion campus for Austin, Texas

Thu, Dec 13, 2018

Apple Inc said on Thursday it would spend $1 billion to build a second campus in Austin, Texas, that will house up to 15,000 workers as part of a broader push by U.S. companies to create more domestic jobs. ...

YouTube, under pressure for problem content, takes down 58 million videos in quarter

Thu, Dec 13, 2018

YouTube took down more than 58 million videos and 224 million comments during the third quarter based on violations of its policies, the unit of Alphabet Inc's Google said on Thursday in an effort to demonstrate progress in suppressing problem content. ...

Delta Air Lines shares drop on weak revenue outlook

Thu, Dec 13, 2018

Shares in U.S. carrier Delta Air Lines Inc dropped 4 percent in Thursday morning trading on concerns that slowing global economies would limit the No. 2 U.S. airline's revenue growth in 2019 despite strong travel demand. ...

Oil prices edge up on hopes global supplies will tighten

Thu, Dec 13, 2018

Oil prices climbed 1 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought. ...

Caterpillar CEO Jim Umpleby to take on chairman role

Thu, Dec 13, 2018

Caterpillar Inc said on Thursday Chief Executive Officer Jim Umpleby would take on the additional role of chairman, effective immediately. ...