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UK growth forecast

UK growth forecast downgraded by ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has downgraded its growth forecast for the UK economy as a result of continuing Brexit uncertainty, falling business investment and declining output. In its economic insight for the third quarter of this year, the ICAEW now expects growth of...

The Institute of Chartered Accountants in England and Wales (ICAEW) has downgraded its growth forecast for the UK economy as a result of continuing...

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Brexit

IoD states businesses facing ‘impossible situation’ in regard to Brexit

The Institute of Directors (IoD) has urged the government and the EU to ‘compromise and chart a way forward’ on Brexit, following the publication of research that shows that UK businesses are facing an ‘impossible situation’ regarding planning. The IoD surveyed 950 business owners, and found that 51% believe...

The Institute of Directors (IoD) has urged the government and the EU to ‘compromise and chart a way forward’ on Brexit, following the publication...

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tax system

Think tank calls for tax overhaul

The UK’s tax system should be overhauled to bring rates on wealth and assets into line with those on income, according to a report from the Institute for Public Policy Research (IPPR). The report claims that bringing taxation for assets into line with income tax rates could raise over...

The UK’s tax system should be overhauled to bring rates on wealth and assets into line with those on income, according to a report...

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loan charge

Former NAO chief to lead independent review of loan charge

Sir Amyas Morse, the former Chief Executive of the National Audit Office (NAO), will head up an independent review into the controversial loan charge, which will be published by the middle of November. The review, which was commissioned on 11 September by Chancellor Sajid Javid, will consider whether the...

Sir Amyas Morse, the former Chief Executive of the National Audit Office (NAO), will head up an independent review into the controversial loan charge,...

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off-payroll working

ICAEW calls for delay to off-payroll working changes

The extension of off-payroll working rules to the private sector should be delayed by a year, according to the Institute of Chartered Accountants in England and Wales (ICAEW). The ICAEW says the start date should be pushed back to 6 April 2021 to give all stakeholders – including HMRC...

The extension of off-payroll working rules to the private sector should be delayed by a year, according to the Institute of Chartered Accountants in...

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tax reform

Pace of tax reform has ‘slowed’, OECD finds

A new report published by the Organisation for Economic Co-operation and Development (OECD) has found that the pace of tax reform has ‘slowed across multiple economies’. The report suggested that fewer countries have introduced comprehensive tax reform packages in 2019 compared to previous years. According to the OECD, corporate...

A new report published by the Organisation for Economic Co-operation and Development (OECD) has found that the pace of tax reform has ‘slowed across...

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