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.

 

17 February

Insolvency protection extended until April 2022 due to pandemic

 

10 February

Covid VAT deferral payment guidance updated

 

8 February

Bounce Back Loan repayment terms extended to 10 years

 

5 February

HMRC service levels and compliance activity hit by Covid

 

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

 

2021

 

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.

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