News & Events | WDM - Part 6

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IoD calls for government to publish Brexit negotiating objectives January 29, 2020

The Institute of Directors (IoD) has urged the government to publish its negotiating objectives as the UK moves towards the next stage of Brexit talks. The business group surveyed 950 firms and found that many businesses don’t think the Withdrawal Agreement provides enough certainty to unlock business investment. 55% of those polled said that they
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HMRC publishes secondary draft legislation for off-payroll reforms January 29, 2020

HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from individual contractors to public bodies
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Anti-money laundering penalties total £6.2 billion worldwide in 2019 January 29, 2020

Anti-money laundering (AML) penalties reached a record high of £6.2 billion worldwide last year, according to data from software company Encompass Corporation. Globally regulators handed out 58 AML penalties, which is double the 29 issued during 2018, and reaching a significantly higher volume than the £3.2 billion imposed that year. Regulators in the USA were
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Government promises review of student loans repayment system January 22, 2020

The government has vowed to undertake a revamp of the current student loans repayment system. From April 2020, graduates will only be required to start paying back their loan if they earn over £26,575 per year. In a move designed to modernise the system, the government intends to introduce a new online repayment service, which
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WEF states businesses must take action to combat climate change January 22, 2020

In a new report, the World Economic Forum (WEF) has stated that businesses must take action now to tackle climate change. In its latest Global Risks Report, the WEF suggested that most businesses are ‘ill-equipped to address climate change risk’. The report also stated that many firms ‘may not be planning for the physical and
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