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Daily News

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

HMRC News

Detailed guide: Get a payment deferral or deregister from money laundering supervision due to coronavirus (COVID-19)

Thu, Jun 04, 2020

Check if you can get a payment deferral or deregister if you are a business with an annual fee due between 1 May and 30 September 2020. ...

Compliance Operational Guidance

Thu, Jun 04, 2020

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

Guidance: Commercial software suppliers for Corporation Tax

Thu, Jun 04, 2020

Find recognised suppliers and software for Corporation Tax returns and supplementary pages. ...

Detailed guide: Pay no import duty and VAT on medical supplies, equipment and protective garments (COVID-19)

Thu, Jun 04, 2020

Find out how to pay no import duty and VAT on protective equipment, relevant medical devices or equipment brought into the UK from non-EU countries during the coronavirus (COVID-19) outbreak....

Guidance: New Computerised Transit System Web: service availability and issues

Thu, Jun 04, 2020

Check the availability and any issues affecting the New Computerised Transit System (NCTS) Web online service....

Detailed guide: Register a trust as an agent

Thu, Jun 04, 2020

Register your client’s trust online if you’re a tax agent or adviser....

Guidance: Customs Handling of Import Export Freight: service availability and issues

Thu, Jun 04, 2020

Check the availability and any issues affecting the Customs Handling of Import Export Freight (CHIEF) online service....

Guidance: New Computerised Transit System XML: service availability and issues

Thu, Jun 04, 2020

Check the availability and any issues affecting the New Computerised Transit System (NCTS) XML online service....

Company Taxation Manual

Thu, Jun 04, 2020

All aspects of company taxation....

Form: Get advice on National Insurance if you work offshore

Thu, Jun 04, 2020

Tell HMRC if you're an offshore worker, seafarer or mariner and get advice about your National Insurance contributions. ...

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

Column: Spend or hoard? Fate of forced savings could define pandemic recovery - Mike Dolan

Wed, Jun 03, 2020

(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) ...

Column: What COVID-19 is teaching us about how to reform Medicare

Thu, May 28, 2020

The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness and death... ...

Ackman says hedge fund up 27% year to date, dumped Berkshire

Wed, May 27, 2020

William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into... ...

Starboard set to win eight board seats at GCP Applied Technologies-sources

Wed, May 27, 2020

Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company's annual meeting, people familiar with the matter said... ...

Northern Trust shutting fund; an outlier or sign of future risk?

Wed, May 20, 2020

Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending... ...

Retirement services provider Human Interest extends funding round to $50 million

Wed, May 20, 2020

Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during... ...

U.S. bank regulator finalizes new community lending rule

Wed, May 20, 2020

A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks. ...

Your small business and COVID-19 questions, answered

Thu, May 14, 2020

Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States. ...

U.S.-based stock funds post $3.2 billion weekly inflow: Lipper

Thu, May 14, 2020

U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper. ...

US money market assets increased in latest week: iMoneyNet

Wed, May 13, 2020

U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday. ...

Reuters: Business

U.S. jobless claims dip below 2 million, road to recovery rocky

Thu, Jun 04, 2020

The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19. ...

Pompeo calls Nasdaq's strict rules a model to guard against fraudulent Chinese companies

Thu, Jun 04, 2020

U.S. Secretary of State Mike Pompeo on Thursday warned American investors against 'fraudulent' accounting practices of China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be a model for all other exchanges around the world. ...

Broadcom's revenue forecast disappoints on weakness in chip business

Thu, Jun 04, 2020

Broadcom Inc on Thursday forecast current-quarter revenue, the midpoint of which was slightly below analysts' estimates as its chip business took a hit from supply chain disruptions caused by the novel coronavirus. ...

Luxury carmaker Bentley to cut about 1,000 jobs in UK: BBC

Thu, Jun 04, 2020

Luxury carmaker Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported on Thursday. ...

Bernard Madoff fails to win compassionate release from prison

Thu, Jun 04, 2020

A federal judge on Thursday rejected Bernard Madoff's request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme. ...

Slack withdraws billings forecast on COVID-19 uncertainty

Thu, Jun 04, 2020

Slack Technologies Inc on Thursday withdrew its forecast for 2021 billings citing uncertainty driven by the COVID-19 pandemic, sending shares down 16% after market hours. ...

Gap reports huge first-quarter loss on coronavirus-led store closures

Thu, Jun 04, 2020

Gap Inc on Thursday reported a whopping first-quarter loss of $932 million as the apparel retailer wrote down the value of some assets due to coronavirus-driven store closures, sending its shares down about 5% after the bell. ...

American Airlines soars 41% as plan to add July flights sparks relief rally

Thu, Jun 04, 2020

American Airlines Group Inc shares jumped more than 40% on Thursday after announcing a big boost to U.S. flights next month following dramatic cuts caused by the coronavirus pandemic, as well as some leadership changes to cut costs. ...

S&P 500 closes down, snapping four-day rally

Thu, Jun 04, 2020

The S&P 500 lost ground on Thursday as investors took profits in advance of Friday's jobs report, ending a four-day rally driven by rising economic sentiment. ...

U.S. to revise Chinese passenger airline ban after Beijing move

Thu, Jun 04, 2020

The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. ...