CIOT calls for MTD for ITSA to be delayed.
MTD for ITSA may come a year earlier
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Current Affairs
Govt. introduces £750m live events insurance scheme
It will cover costs in the event of cancellation.
Output per hour grew fastest in North West in 2020
The UK economy grew by 0.4% in the UK.
Employers fined for underpaying workers
Companies failed to pay £2.1 million to 34,000 workers.
Think tank predicts cut to UK’s tourism trade deficit
The deficit was £30.5 billion in 2019.
Reduced furlough support jeopardises jobs
One in five employers are likely to make redundancies.
Mortgage borrowing hits highest-ever monthly level
Borrowing stood at £17.9 billion in June 2021.
Most firms ‘confident they can pay off debts’
One in five remain unsure about their debt repayments.
DWP hit with £87.9m IR35 tax bill
HMRC demanded bills over historic contractor assessment errors.
Retail sales figures improved in June 2021
The proportion of retail sales fell in the same period.
Hospitality sees promising recovery in spring
Business confidence in the sector remains low, however.
Lords report warns of BoE’s ‘addiction’ to QE
The programme financed the majority of COVID-19 support.
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