Coronavirus: essential updates for accountants, tax advisers and auditors - Part 3

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

For the latest breaking news stories and analysis, plus subscriber-only premium content and Q&As on dealing with covid-19, this is our dedicated Accountancy Daily Coronavirus News Hub, brought to you by the team of experts at Accountancy DailyCroner-iCroner Taxwise and BrightHR.

Sign up here to register for our Accountancy Daily newsletters, weekdays at 4pm and our weekly covid-19 round-up, Fridays at 4.45pm, plus our range of Coronavirus Toolkits, Webinars and CPD Modules. To find out more, call 0800 231 5199

Due to the fast moving nature of the current Covid-19 pandemic, we are endeavouring to cover as much of the critical news as possible. Note that parliament returned as of Monday 20 April 2020 and committee hearings are being held as normal.

Useful links: 

Please follow these links for part 1 and part 2 of Accountancy Daily Covid-19 coverage.


26 January

Kickstart scheme refreshed

21 January

Financial distress deepens but administrations decline

Pandemic pressure sees exec bonus cuts

Accountex London 2021 show postponed


20 January

MPs slam HMRC’s out of date tech


19 January

Call for HMRC to extend self assessment deadline


18 January

Legal win for SMEs on Covid-19 insurance pay-outs

International reporting: the Covid-19 impact and opportunities ahead


15 January

Pandemic disruption poses threat to 400,000 retail jobs


14 January

FCA updates Covid repossession guidance


13 January

Push to extend debt relief order eligibility post-Covid


12 January

Covid prompts 21% slump in tax advisory revenues

Pandemic puts 250,000 small businesses at risk of failure


11 January

Covid judged ‘reasonable excuse’ for late SA returns

Pandemic puts 4,000 FS firms at risk


8 January

CFOs predict post-Covid home working shift


7 January

Call for consistent Business Bounce Bank Loan recovery scheme


5 January

£4.6bn in additional lockdown business support




23 December

EY launches social distancing ‘proximity monitor’

Nearly 40,000 retailers in financial distress


20 December - parts of England moved into Tier 4 restrictions


18 December

Accountancy jobs in 2021: Covid catalyst


17 December

Chancellor extends furlough to 30 April 2021


16 December

Bounce Bank Loan Scheme risks up to £26bn of fraud

Wales tightens coronavirus restrictions from Christmas

Record 3,126 businesses liquidated to reduce CGT


15 December

London put under tighter Covid restrictions


14 December

BDO does U-turn on £4.1m furlough repayments


11 December

Banks to resume paying dividends


10 December

BDO records £25m Covid hit to profits

3,300 companies at risk of bankruptcy when insolvency ban lifts


9 December

Call for one-off £260bn wealth tax


8 December

Moves to expand SME funding options

Deadline for Covid insolvency measure changes extended


7 December

UK urged to keep EU topping tourism tax cut


3 December

Pandemic sees listed companies chop dividends

CVA on the menu at natural fast food chain Leon


2 December

‘Wet’ pubs offered £1000 Covid grant

Tesco to pay back £585m Covid business rates relief


30 November – Third SEISS grant applications open

SEISS update: third self-employed grant now available

CBILS applications to surge by 84% for winter survival

FRC to look at review standard for interim financial statements


26 November – Tier system announced

Tougher tiered restrictions post-lockdown

Spending review presages tax rises

Top five questions about furlough and zero-hours workers

Furlough rush not cause of fraud


25 November – Spending Review

Spending review: ‘economic emergency’ sees GDP fall 11.3%

Government’s Covid protection procurement failures cost £10bn

Tougher criteria for third SEISS grant


24 November – Boris Johnson sets out the Covid winter plan

Covid winter plan published

Covid impacts going concern assessments


20 November

HMRC urged to clarify festive fun tax reliefs


19 November

HMRC starts ‘eat out to help out’ compliance checks

Local authorities step up legal action over unpaid business rates


18 November

NAO slams lack of transparency in Covid procurement

Brexit set to hamper post-Covid economic recovery


17 November

FTSE 350 warned over pension perks

Q&A: Christmas party tax exemption


16 November

Five furlough changes you need to know

FRC outlines expectations for 2020/21 reporting


13 November

FRC wants auditors to 'redouble' efforts to improve quality


12 November

Remote worker tax to help lower-paid employees


11 November

Covid-19 puts self-employment on downward trend

ICAS proposes three-month waiver for late filing penalties

Late payment risk as pandemic takes toll


9 November

Urgent calls to help millions of excluded self employed

Over £1bn of fraudulent bounce back loan applications

Pandemic sees living wage rates hike

Covid-19 hits HMRC customer response levels


5 November - Furlough scheme extended to end of March

Furlough scheme extended to end of March

Bank of England provides £150bn Covid boost

HMRC announces coronavirus fraud arrests


4 November

UK drops from fourth to seventh place for aerospace investment

Shareholder participation up at virtual AGMs


3 November

More Covid support for self employed with 80% grant boost


2 November – Second national lockdown announced, furlough extended

England under national lockdown from 5 November

Furlough scheme extended for a month

Covid pushes business borrowing up five-fold

Useful links:

Please follow these links for part 1 and part 2 of Accountancy Daily Covid-19 coverage.

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

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Zak Jakubowski |Reporter, Accountancy Daily [2019-2021]

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