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ICAEW technical round-up: April 2021


This month’s top technical stories on ICAEW Insights include news on the fourth self-employed grant, new EU sustainability disclosure rules and how auditors can report on irregularities, including fraud.
Need to knowSEISS 4 claims open up: HMRC has contacted those potentially eligible for the fourth Self-employment Income Support Scheme grant. ICAEW’s Tax Faculty has updated its guidance and a webinar is available to all members.
Working from home tax relief continues, but new claims required: Employees working from home due to the coronavirus pandemic can continue to claim tax relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. ....

United States , United Kingdom , Republic Of Ireland , Eversheds Sutherland , Chris Sanger , Mark Hammerton , James Mcmillan , David Lyford Smith , Financial Reporting Council , European Commission , Stockport Credit Union , Supreme Court , Technical Advisory Services , Thurrock Council , Companies House , Scrutiny Committee Of The House Commons , Self Employment Income Support Scheme , Corporate Sustainability Reporting Directive , Assurance Faculty , Tax Faculty , Bounce Back Loan Scheme , Can President Biden , America Tax Plan , Advisory Services , Kingdom Endorsement Board , Scrutiny Committee ,

ICAEW technical round-up: April 2021


This month’s top technical stories on ICAEW Insights include news on the fourth self-employed grant, new EU sustainability disclosure rules and how auditors can report on irregularities, including fraud.
Need to knowSEISS 4 claims open up: HMRC has contacted those potentially eligible for the fourth Self-employment Income Support Scheme grant. ICAEW’s Tax Faculty has updated its guidance and a webinar is available to all members.
Working from home tax relief continues, but new claims required: Employees working from home due to the coronavirus pandemic can continue to claim tax relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. ....

United States , United Kingdom , Republic Of Ireland , Eversheds Sutherland , Chris Sanger , Mark Hammerton , James Mcmillan , David Lyford Smith , Financial Reporting Council , European Commission , Stockport Credit Union , Supreme Court , Technical Advisory Services , Thurrock Council , Companies House , Scrutiny Committee Of The House Commons , Self Employment Income Support Scheme , Corporate Sustainability Reporting Directive , Assurance Faculty , Tax Faculty , Bounce Back Loan Scheme , Can President Biden , America Tax Plan , Advisory Services , Kingdom Endorsement Board , Scrutiny Committee ,

Biggest peacetime deficit caps year for UK public finances


Huge economic shock combined with unprecedented fiscal interventions results in a provisional fiscal deficit of £303bn or 14.5% of GDP for the year ended 31 March 2021.
The Office for National Statistics today published its first estimate of fiscal history, reporting a provisional fiscal deficit of £303bn or 14.5% of GDP for 2020-21 and a £344bn increase in public sector net debt from £1.8bn to £2.14tn at 31 March 2021, breaking peacetime records for the public finances. This compares with an official forecast for the deficit of £55bn presented by the Chancellor just prior to the start of the financial year last March, admittedly together with the first in a series of mini-fiscal announcements that saw spending soar to tackle the pandemic at the same time as tax revenues collapsed. ....

United Kingdom , National Infrastructure Strategy , National Data Strategy , Office For Budget Responsibility , Office For National Statistics , National Statistics , Budget Responsibility , Spring Budget , Balance Sheet Review , Sector Director , World War , ஒன்றுபட்டது கிஂக்டம் , தேசிய உள்கட்டமைப்பு மூலோபாயம் , தேசிய தகவல்கள் மூலோபாயம் , அலுவலகம் க்கு பட்ஜெட் பொறுப்பு , அலுவலகம் க்கு தேசிய புள்ளிவிவரங்கள் , தேசிய புள்ளிவிவரங்கள் , பட்ஜெட் பொறுப்பு , வசந்த பட்ஜெட் , சமநிலை தாள் விமர்சனம் , துறை இயக்குனர் , உலகம் போர் ,