Five things CAs need to know this week: 15 April 2019
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Meet the President at The House of Lords
The newly-elected ICAS President invites you to consider the year ahead at an exclusive reception in the prestigious surroundings of the House of Lords, with kind permission of The Lord Stephen MP.
2. Figures on GDP, employment and inflation to be released
Figures released by the Office for National Statistics on Tuesday are expected to show that unemployment has fallen to 1.3m, just under 4% of the workforce. This is the lowest rate of unemployment in the UK since 1974.
Wages grew by around 3.5% in the three months to February which has in turn boosted retail sales, with an expected rise in GDP down to the rise in consumer spending.
3. Preparing for changes at the UK border
The UK government has issued guidance to help prepare for upcoming changes at the UK border. Here are five key actions to keep your goods moving across the border:
- Register for an EORI number
- Decide whether you will handle Customs Declarations in house or through a third party
- Check if you are eligible for simplified customs procedures
- Check for updates on tariffs that apply to your goods, and consider using duty relief schemes
- Confirm if you need licences or certificates to bring your goods across the border. (For example, if you are exporting food, animals or fish to the EU you will need an Export Health Certificate.)
For the latest information visit the Government’s ‘Prepare for EU Exit’ page.
4. Apple and Tesla will be in court
Apple and Telsa will both be the subject of court hearings in the US this week.
Apple will continue its licencing battle with Qualcomm today (Monday). Apple claims that smartphone processor manufacturers Qualcomm overcharged for its modems and patents, and is pursuing compensation in excess of $1bn.
Tesla found itself in hot water with the SEC over tweets the company's CEO sent, which the SEC claims violated a settlement reached last year with the agency.
Today is the deadline a judge gave both the SEC and Tesla to renegotiate that settlement agreement.
5. Results due from Card Factory, JD Sports and Modern Water
- Monday: Interims due from Carrs Group. Finals due from Crossword Cybersecurity, Filta Group Holdings and Mobile Tornado Group.
- Tuesday: Finals due from ASA Resource Group, Card Factory, JD Sports, Parity Group and Telit Communications.
- Wednesday: Interims due from Etalon Group. Finals due from AFI Development and Serica Energy.
- Thursday: Finals due from Modern Water.