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Daily News

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

HMRC News

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

Sat, Feb 22, 2020

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

Guidance: HMRC: Trusts and Estates newsletters

Fri, Feb 21, 2020

Newsletters published by HMRC, giving updates and guidance on Inheritance Tax and trusts....

Capital Gains Manual

Fri, Feb 21, 2020

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 ...

Guidance: Help to Save: service availability and issues

Fri, Feb 21, 2020

Check the availability and any issues affecting the Help to Save service....

Bank Levy Manual

Fri, Feb 21, 2020

This manual is a guide to the bank levy (Schedule 19 Finance Act 2011 and SI2011/1785)....

Detailed guide: Tell HMRC you’ve claimed too much relief at source for pension scheme members

Fri, Feb 21, 2020

Find out how to report and pay back excess tax relief claimed through relief at source as a pension scheme administrator....

Detailed guide: Reclaim tax relief for pension scheme members with relief at source

Fri, Feb 21, 2020

Find out how you can use relief at source to claim tax relief back on pension scheme contributions....

Form: Registered pension schemes relief at source annual claims (APSS 106)

Fri, Feb 21, 2020

Use form APSS 106 to make an annual claim for recovery of tax deducted by individuals....

Detailed guide: Information requirements for pension schemes

Fri, Feb 21, 2020

Find out about the requirements for pension scheme administrators, insurance companies, members and employers and how to report them to HMRC....

Shared Workspace Business Manual

Fri, Feb 21, 2020

Shared Workspace is an online service used by HM Revenue & Customs to collaborate with businesses and agents - service availability and how to apply...

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

Pioneer Natural CEO calls on investors to divest in companies with high flaring

Sat, Feb 22, 2020

The chief executive of Pioneer Natural Resources, Scott Sheffield, on Thursday called on energy investors to sell shares or pull funding from companies that have rates of natural gas flaring. ...

RBC to launch U.S. consumer bank betting on wealthy clients

Sat, Feb 22, 2020

Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on... ...

Senator hedge fund's founding duo to split; Klabin will leave firm

Thu, Feb 20, 2020

Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry's more profitable and durable professional marriages. ...

U.S. stock funds lose $2.6 billion in week: Lipper

Thu, Feb 20, 2020

U.S. equity funds saw outflows of $2.6 billion in the latest week, according to Lipper. ...

U.S. money market assets decreased in latest week-iMoneyNet

Wed, Feb 19, 2020

U.S. money market fund assets decreased by $3.64 billion to $3.575 trillion in the week ended Feb 18, the Money Fund Report said on Wednesday. ...

YOUR MONEY: What it means to invest with a gender lens

Tue, Feb 18, 2020

When clients tell financial adviser Catherine Valega that they want to invest their money in women, they are not always clear what they mean. ...

The truth about 'greedy' seniors and the 'war' between generations

Fri, Feb 14, 2020

Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than “greedy geezers” stealing from young people “who are going to get... ...

Investing in the art world is now just a click away

Thu, Feb 13, 2020

Owning a piece of art is not just for the ultra-wealthy anymore. ...

T. Rowe Price to place a bigger bet on stocks in retirement funds

Thu, Feb 13, 2020

T. Rowe Price Group Inc said on Thursday it would ratchet up the risk in its target-date retirement portfolios, boosting stock allocations to as much as 98% for younger investors. ...

YOUR MONEY: Family offices lead the way on impact investing

Mon, Feb 10, 2020

When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only "do good" when he was actively giving the money away to needy causes. ...

Reuters: Business

No global digital tax by end-2020 would mean chaos: France

Sun, Feb 23, 2020

Failure to reach a global deal on where and how much to tax digital giants such as Google , Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's Finance Minister said on Sunday. ...

G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup

Sun, Feb 23, 2020

Finance chiefs of the world's top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021. ...

As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold

Sun, Feb 23, 2020

As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. ...

Buffett calls for more accountability for corporate directors

Sun, Feb 23, 2020

Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. ...

Buffett defends Berkshire stock push, reassures on future as profit smashes record

Sun, Feb 23, 2020

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. ...

Japan criticizes U.S. digital tax proposal at G20

Sun, Feb 23, 2020

Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies. ...

Amazon in Holocaust row about 'Hunters' series, anti-Semitic books

Sun, Feb 23, 2020

The Auschwitz Memorial criticized Amazon on Sunday for fictitious depictions of the Holocaust in its Prime series "Hunters" and for selling books of Nazi propaganda. ...

Exclusive: If Lebanon needs financial aid, France will be there, finance minister says

Sun, Feb 23, 2020

France is ready to support Lebanon financially - bilaterally or multilaterally - its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region. ...

Banned Thai opposition party says junta helped 1MDB cover-up

Sun, Feb 23, 2020

A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha. ...

Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting

Sun, Feb 23, 2020

Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation. ...