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Business warned about rise in impersonation fraud July 3, 2020

Businesses have been told to stay vigilant against the rise in impersonation fraud during the coronavirus pandemic, by trade credit insurer Atradius. The insurer says the increase in impersonation fraud is result of opportunistic fraudsters seeking to take advantage of disruptions to normal business patterns during lockdown. Impersonation fraud occurs when a fraudulent party presents
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IoD urges government to support jobs and investment after coronavirus lockdown July 3, 2020

The Institute of Directors (IoD) has called on the government to act to support jobs and investment once the coronavirus lockdown ends. In a submission to the Treasury, the IoD has urged the government to act now in order to reduce the cost of employing people as the Coronavirus Job Retention Scheme (CJRS) comes to
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Flexible furloughing begins July 3, 2020

Flexible furloughing will be allowed under the Coronavirus Job Retention Scheme (CJRS) from 1 July. After that date employees will no longer have to be furloughed for a minimum period of three weeks. Following the change the CJRS will have more flexibility to allow claims on a pro rata basis. Employers will be able to
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UK pushing for global digital tax despite US reservations June 30, 2020

The UK is pushing for the introduction of a global digital tax despite the departure of the United States from international negotiations. The Treasury confirmed that the UK will push for a solution to taxing international digital companies despite US Treasury Secretary Steven Mnuchin recently pulling out of talks with Europe on the matter. The
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HMRC begins sending MTD for VAT ‘nudge’ letters to firms June 30, 2020

HMRC has started to send Making Tax Digital for VAT (MTD for VAT) ‘nudge’ letters to firms it thinks should’ve signed up to the scheme but have not yet done so. According to the Institute of Chartered Accountants in England and Wales (ICAEW), HMRC first sent nudge letters to VAT-registered firms in 2019. It is
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