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HMRC confirms Brexit will not affect roll-out of MTD for VAT January 30, 2019

HMRC has confirmed that Brexit will not affect the introduction of Making Tax Digital for VAT (MTD for VAT). MTD for VAT is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the current VAT registration threshold of £85,000. As part of the initiative, firms must keep
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Chancellor announces Spring Statement date January 30, 2019

Chancellor Philip Hammond has announced that this year’s Spring Statement will be delivered on Wednesday 13 March. The 2019 Spring Statement will be the second of its kind: in the 2016 Autumn Statement, the Chancellor announced a major shake-up of the government’s fiscal timetable. This saw the abolition of the Autumn Statement, in favour of
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Rising cost of living ‘causing financial concern’ for young people, research finds January 24, 2019

Research carried out by NatWest has suggested that the ‘rising cost of living’ is causing financial concern for young people in the UK. NatWest found that 47% of young people are ‘more concerned’ about the state of their finances this year compared to last. They cited the rising costs for essentials, such as food and
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Insolvency Service urges savers to ‘protect pension pots from investment scammers’ January 24, 2019

The Insolvency Service has urged those saving for retirement to protect their pension pots from ‘investment scammers and negligent trustees’. Research carried out by the Service found that criminals use a range of tactics to convince savers to part with their funds, including persuading individuals to access their pension and invest in unregulated schemes. Pension
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Government launches new taskforce to combat economic crime January 24, 2019

The government has launched a new economic crime taskforce, which will work to combat fraud, bribery, money laundering and corruption. The government estimates that economic crime costs the UK ‘at least’ £14.4 billion per year. In order to tackle this type of crime, a new Economic Crime Strategic Board will be created, and will be
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