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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

UK overseas territories top list of world’s tax havens

British overseas territories occupy the top three places in the Tax Justice Network’s top 10 list of the world’s tax havens. The British Virgin Islands is top of the pile,

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Move to ban ‘essay mills’

The government is seeking to ban essay mills amid growing concern that unscrupulous firms are using online influencers on campus to exploit and blackmail students into using their services. To

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Time to Zoom out?

There really is such a thing as ‘Zoom fatigue’, say academics at Standford University. For many the rise of video calls has replaced classroom lectures, business meetings, conferences and even

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Government confirms new penalty and interest regime

Reforms to the penalty and interest regimes for VAT and income tax self assessment have been confirmed by the government. The measures will bring significant changes and will first apply

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Money launderers using fake job adverts to target ‘Generation Covid’

Young people whose job prospects have been impacted by the pandemic are being targeted online by criminals looking to recruit money mules to launder the profits of their crimes, UK

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Moving towards a cashless society

The move to a cashless society has been intensified by the pandemic, with a quarter of Brits (26%) saying they would favour a cashless society. This ranks the UK 14th

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Cyber thieves go in for ‘silent stealing’ during pandemic

The shift to working from home has seen a rise in cyber criminals targeting people’s personal bank accounts, sometimes conning them out of as little as £10 a time. This

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International Association of Bookkeepers

Companies House resumes strike off services

Companies House has now resumed its strike off processes (from 8 March). It temporarily paused the service on 21 January 2021 so that companies and creditors would not be adversely affected by processing delays. It has now resumed the process to dissolve companies that have applied for voluntary strike off, and those Companies House believes are no longer carrying on business or are in operation.

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The 2021 Budget – International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study, Bookkeeping Careers, Payroll, Bookkeeping Exams, Bookkeeping Support, Find A Bookkeeper, Bookkeeping in Business, Money Laundering Supervision, AML Supervision, MLR.

The 2021 Budget by Janet Jack

  Chancellor sets out steps to fix economy in Budget The Chancellor Rishi Sunak has delivered his second budget with a pledge to do whatever it takes to fix the

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Who commits most fraud?

Large multinationals with aggressive growth cultures are more susceptible to ‘cooking the books’ than smaller struggling ones, according to a new study published in Justice Quarterly. Researchers from three US

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Online VAT deferral scheme now open

Over half-a-million businesses that deferred VAT payments in 2020 can now join the new online VAT Deferral New payment Scheme to pay what they owe in monthly instalments, HMRC has

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Instalment option for taxpayers who owe the taxman

Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April. Usually, a 5% late

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International Association of Bookkeepers

New advisory fuel rates for company cars

HMRC has published the latest advisory fuel rates for company car users, effective from 1 March 2021. The previous rates, effective December 2020, can be used for up to one

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Changes to the National Minimum Wage

From 1 April 2021, the National Minimum Wage is increasing, and the age from which workers become eligible for the higher National Living Wage will be lowered. This means that

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

HMRC updates – revised self-assessment time lines and support available

The government have announced England’s route out of the pandemic, as long as the role out of the vaccination program continues. However, the pandemic continues to impact our way of

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Pension age set to rise

A glitch in HMRC’s CJRS calculator means employers may need to recalculate furlough claims made for January 2021. HMRC discovered a mistake in its CJRS calculator just days before the

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

HMRC admits error with furlough calculator

A glitch in HMRC’s CJRS calculator means employers may need to recalculate furlough claims made for January 2021. HMRC discovered a mistake in its CJRS calculator just days before the

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Scotland extends business rates holiday

Scottish finance secretary Kate Forbes has announced the extension of the country’s business rates holiday for another year. She said that the tax relief will apply to businesses in retail,

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

£20m SME Brexit Support Fund launched

SMEs who trade only with the EU and so are new to the importing and exporting regime will be able to apply for grants of up to £2,000 to pay

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International Association of Bookkeepers - Bookkeeping Qualifications, Bookkeeping Study and exams

Apprenticeships on hold

Some two-thirds of UK companies have not invested in new apprentices over the past 12 months, according to the latest survey from In-Comm, a training and apprenticeship provider. It discovered

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Trust in the robots

Some 89% of business leaders working in finance believe robots can improve their firm’s profitability by detecting fraud, creating invoices