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Daily News

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

HMRC News

VAT when you buy a vehicle to sell on

Mon, Dec 10, 2018

VAT for car dealers and members of the motor trade - how to reclaim VAT and what to charge when you sell a vehicle...

Technical support with HMRC online services

Mon, Dec 10, 2018

Contact HMRC with technical problems when using HMRC systems, sending forms online, error messages and using HMRC free software and tools...

Detailed guide: Register as a bingo promoter

Mon, Dec 10, 2018

Use this service to register as a bingo promoter with HMRC....

Form: Send supporting analysis of relief for Climate Change Levy

Mon, Dec 10, 2018

Use postal form PP10 to provide supporting analysis of relief on energy use for Climate Change Levy....

Courier deliveries to HMRC: PO box and BX postcodes

Mon, Dec 10, 2018

Use this address if you're a courier for all post items being delivered to either a closed HMRC site, a PO box or BX postcode...

Guidance: Goods Location Codes for data element 5/23 of CDS

Mon, Dec 10, 2018

Use appendix 16 to find codes for data element 5/23 of the Customs Declaration Service (CDS) when importing into the UK....

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

Mon, Dec 10, 2018

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

Guidance: Alcohol and Tobacco Warehousing Declarations: service availability and issues

Mon, Dec 10, 2018

Check the availability and any issues affecting Alcohol and Tobacco Warehousing Declarations (ATWD)....

Transparency data: HMRC organisation information and supporting datasets

Mon, Dec 10, 2018

These files and links show how HM Revenue & Customs (HMRC) is structured....

Transparency data: Summary of junior posts in HMRC's organisation structure

Mon, Dec 10, 2018

These files show the numbers and grades of more junior staff in each of HM Revenue & Customs' (HMRC) organisational units....

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

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... ...

First steps towards a life of giving back

Wed, Dec 05, 2018

Here is some good news to hold onto this holiday season: Americans are giving more than ever. ...

DoubleLine's Gundlach says Treasuries point to economy ready to weaken

Tue, Dec 04, 2018

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the "economy is poised to weaken." ...

U.S. top court signals it will buttress anti-fraud securities laws

Mon, Dec 03, 2018

U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal... ...

Moelis hires from BlackRock, hedge fund for activist defense team

Mon, Dec 03, 2018

Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies... ...

Reuters: Business

Hyundai readies Palisade large SUV in another shot at U.S. market

Tue, Dec 11, 2018

Hyundai Motor Co on Tuesday began South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes will spearhead a sales recovery in the United States when launched in its major overseas market next year. ...

Vivendi seeks new shareholders meeting to change Telecom Italia board

Tue, Dec 11, 2018

French media conglomerate Vivendi said on Tuesday that it would look to call upon a new shareholders meeting to change the board members at Telecom Italia and get rid of those proposed by activist fund Elliott. ...

U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sources

Tue, Dec 11, 2018

U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly $800 million, people familiar with the transaction said. ...

Nissan ex-chairman Ghosn files complaint over detention

Tue, Dec 11, 2018

Carlos Ghosn, the ousted chairman of Nissan Motor, has filed a complaint against a court decision to extend his detention following his re-arrest on fresh allegations of financial misconduct, the Tokyo District Court said on Tuesday. ...

Trade hopes support China, sterling totters on Brexit turmoil

Tue, Dec 11, 2018

Chinese shares rose on Tuesday after Beijing confirmed it was still in trade talks with Washington, but investor confidence remained fragile in Asia after Britain's prime minister postponed a Brexit vote, sending the pound to near 20-month lows. ...

China court bans sales of older iPhone models in Apple-Qualcomm global battle

Tue, Dec 11, 2018

A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat. ...

Three broker-dealers settle SEC charges over incomplete data

Tue, Dec 11, 2018

Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges of providing incomplete trading data, the U.S. Securities and Exchange Commission (SEC) said on Monday. ...

Canadian court weighs bail for jailed CFO of China's Huawei

Mon, Dec 10, 2018

A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate. ...

Art and cash-filled Rio apartment the new battleground for Nissan, Ghosn: court filing

Mon, Dec 10, 2018

A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has emerged as the latest battleground between the indicted former Nissan Motor Co Ltd chairman and the automaker. ...

China's Huawei executive bail hearing adjourned to Tuesday

Mon, Dec 10, 2018

A Canadian provincial court on Monday adjourned without deciding the fate of a top executive of Huawei Technologies Co Ltd after she appeared in a Vancouver court in relation to an extradition case following her arrest at the request of the United States. ...