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Daily News

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

HMRC News

Open consultation: Draft legislation: The Value Added Tax (Refund of Tax) Order 2019

Thu, Oct 17, 2019

We are seeking views on draft legislation that allows 4 named public bodies to obtain refunds of VAT incurred in the course of their non-business activities....

International treaty: Gibraltar: tax treaties

Thu, Oct 17, 2019

Tax treaties and related documents between the UK and Gibraltar....

Guidance: Double Taxation Treaty Passport Scheme register

Thu, Oct 17, 2019

Check the status of overseas corporate lenders who are passport holders for Double Taxation Relief on UK loan interest....

Guidance: Corporation Tax: service availability and issues

Thu, Oct 17, 2019

Check the availability and any issues affecting the Corporation Tax online service....

Guidance: Commercial software suppliers of record keeping applications

Thu, Oct 17, 2019

Find a list of simple record keeping applications, including cash basis and simplified expenses specifications....

Guidance: Genuine HMRC contact and recognising phishing emails and texts

Thu, Oct 17, 2019

Find out how to recognise when contact from HMRC is genuine, and how to recognise phishing or bogus emails and text messages....

Detailed guide: Help and support for traders getting ready for Brexit

Thu, Oct 17, 2019

Watch webinars and videos about trading with the EU after Brexit....

Notice: VAT Notice 700/22: Making Tax Digital for VAT

Thu, Oct 17, 2019

This notice explains the rules for Making Tax Digital for VAT and about the digital information you must keep if they apply to you....

Guidance: Community Investment Tax Relief (CITR): accreditation of Community Development Finance Institutions

Thu, Oct 17, 2019

Guidance for bodies seeking accreditation under the Community Investment Tax Relief (CITR) scheme....

Form: National Insurance: credits for parents and carers (CF411A)

Thu, Oct 17, 2019

Use this form to apply or transfer National Insurance credits if you are a parent or carer of a child under 12....

ACCA Tax News

The Chartered Institute of Taxation: News

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Reuters: Money

AT&T, Elliott in talks after activist campaign launched: sources

Thu, Oct 17, 2019

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar... ...

Goldman wants traders to be more like dealmakers and coders

Thu, Oct 17, 2019

Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they... ...

Your Money: U.S. teachers take hands-on approach to financial literacy

Thu, Oct 17, 2019

There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts. ...

U.S. stock funds see first weekly inflow in a month

Thu, Oct 17, 2019

U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper. ...

Members of Los Angeles pension board ready to drop money manager Ken Fisher

Thu, Oct 17, 2019

Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about... ...

U.S. boutique banks woo French bankers in Paris advisory push: sources

Thu, Oct 17, 2019

Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers from France's most established advisory firms,... ...

Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

Thu, Oct 17, 2019

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he... ...

Your Money: Charitable granting soars even as tax changes transform giving

Wed, Oct 16, 2019

Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in... ...

Fidelity criticizes money manager Fisher, who loses Philadelphia as client

Tue, Oct 15, 2019

Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly... ...

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Tue, Oct 15, 2019

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by... ...

Reuters: Business

Oil ebbs as China's slowest GDP growth in almost three decades stokes demand fears

Fri, Oct 18, 2019

Oil prices slid on Friday on jitters over demand from China after the world's largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. ...

Holiday Inn-owner IHG bruised by weak bookings in China, Hong Kong

Fri, Oct 18, 2019

Holiday Inn-owner InterContinental Hotels Group blamed lower business bookings in China and protests in Hong Kong for a 0.8% fall in quarterly revenue per room on Friday, the latest company to be pinched by weaker global travel. ...

Saudi Aramco delays planned IPO until after earnings update: sources

Fri, Oct 18, 2019

Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world's largest oil firm, two sources familiar with the matter said on Thursday. ...

Asian shares slump after weak China GDP, pound retreats

Fri, Oct 18, 2019

Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. ...

AB Volvo truck orders tumble as markets hit brakes in third-quarter

Fri, Oct 18, 2019

Sweden's AB Volvo on Friday reported a sharp fall in order intake of its trucks in the third quarter and forecast slumping market demand on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. ...

Going Dutch? Low interest rates rattle 'world's best' pension system

Fri, Oct 18, 2019

When Frans Kolkman hung up his police badge in 2017, he was looking forward to a comfortable retirement. Two years later he's among millions of Dutch pensioners facing a cut and fearing there may be worse to come. ...

Factbox: Dutch pension pots stand out among global retirement funds

Fri, Oct 18, 2019

The world's rich nations face a double-whammy, with ageing populations meaning more retirees -- just as low and negative interest rates make it harder for pension funds to secure the investment returns needed to fill up their coffers. ...

Apple's Cook meets China regulator after pulling Hong Kong app

Fri, Oct 18, 2019

Apple Inc CEO Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong. ...

China's GDP growth grinds to near 30-year low as tariffs hit production

Fri, Oct 18, 2019

China's third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. ...

Instant View: China third-quarter GDP grows 6.0% year-on-year, misses expectations

Fri, Oct 18, 2019

China's economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war. ...