News & Events | WDM - Part 9

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Individuals urged to remain vigilant when making festive charitable donations December 17, 2020

Action Fraud has warned the public to remain vigilant when making festive charitable donations as the number of scams rises. Figures published by Action Fraud showed that £350,000 in charitable donations ended up with criminals over the festive period in 2019. It warned that fraudsters often set up fake charities or impersonate well known charitable
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Lenders still supporting thousands with payment deferrals December 15, 2020

The UK’s banks and financial lenders continue to support tens of thousands of borrowers with payment deferrals, according to the latest figures from UK Finance. However, the number of people seeking support from deferrals has dropped markedly since earlier this year. In mid-November there were still 127,000 mortgage payment deferrals in place, a significant reduction from the 1.8
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Businesses have ‘insufficient information’ on Brexit changes, BCC finds December 15, 2020

An analysis carried out by the British Chambers of Commerce (BCC) has suggested that businesses lack detailed official information on the rules that are set to take effect once the Brexit transitional period ends on 31 December. The BCC found that businesses have insufficient information in regard to 24 critical areas. This is ‘undermining their
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AAT warns of dramatic rise in self-assessment filing December 15, 2020

Lockdown restrictions and mounting pressure on businesses could combine to cause a ‘dramatic rise’ in self-assessment filing this tax year, according to the Association of Accounting Technicians (AAT). Almost a million self-assessment tax returns were filed late in the last financial year, but the situation has been worsened by the coronavirus (COVID-19) pandemic. The chances
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HMRC cracks down on marketing of tax avoidance schemes December 3, 2020

HMRC has teamed up with the Advertising Standards Authority (ASA) to act against misleading marketing by promoters of tax avoidance schemes. A joint enforcement notice aims to disrupt the activity of promoters and protect people from being presented with misleading adverts which may tempt them into tax avoidance. It requires promoters to be clear about
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