News & Events | WDM - Part 7

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COVID-19 vaccines and stimulus plans will aid global growth, says OECD March 17, 2021

The Organisation for Economic Co-operation and Development (OECD) has upgraded its forecasts for global and British economic growth this year and next. The OECD said the world economy is likely to expand by 5.6% in 2021. The growth figure for the UK is 5.1%, followed by growth of 4.7% next year. The significantly brighter outlook
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ICAEW urges HMRC to rethink quarterly reports under MTD for corporation tax March 17, 2021

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to rethink the requirement for companies to report quarterly under Making Tax Digital for corporation tax (MTD for CT). In response to HMRC’s consultation on expanding the MTD initiative to corporation tax, the ICAEW suggested that HMRC should reconsider reporting requirements ‘at
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Government publishes details of Finance Bill 2021 March 17, 2021

Details of Finance Bill 2021 have been published by the government. The Bill outlines the key measures set to be brought into legislation, including many measures announced in the recent 2021 Budget. In his Budget speech, Chancellor Rishi Sunak announced an extension of the stamp duty holiday in England; a super-deduction capital allowance; extensions of
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Government to invest over £100 million in COVID fraud taskforce   March 11, 2021

Chancellor Rishi Sunak used the 2021 Budget to announce an investment of more than £100 million into a HMRC taskforce designed to combat coronavirus (COVID-19)-related fraud. The new Taxpayer Protection Taskforce will seek to crack down on criminals who attempt to fraudulently claim money via government COVID-19 financial support schemes. The taskforce will combat fraud
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Female freelancers have faced ‘disproportionate financial struggle’ during pandemic March 11, 2021

Research carried out by the Association of Independent Professionals and the Self-Employed (IPSE) has found that female freelancers have faced a ‘disproportionate financial struggle’ during the coronavirus (COVID-19) pandemic. IPSE said that one of the key issues facing female freelancers is late payment. 49% of freelancers reported that they experienced being paid late before the
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