What CAs need to know this week: 25 January 2016
A look ahead to some of the key things happening this week.
Digital tax accounts debated
MPs will today (Monday) debate an e-petition on digital tax accounts which, it is claimed would require the self-employed and small businesses to file four tax returns a year. The UK Government has denied this. It said: “Quarterly updates will largely be a matter of checking data generated from record keeping software or apps and clicking ‘send’.”
Tube strikes decision awaited
RMT Union leaders representing London Underground workers are due to meet today (Monday) to consider calling off three planned days of strike action following a new offer from management in a dispute over pay and weekend working. Other unions have already suspended action. Walkouts have been scheduled for 26 January, 15 February and 17 February.
Patrick Harvie sets out Green ambitions
Scottish Green Party co-convener, Patrick Harvie MSP, will be setting out his party’s stall at the latest in the series of ICAS and David Hume Institute lectures in Edinburgh on Tuesday. The series provides an opportunity for ICAS members to listen to the leaders of all of the main political parties in Scotland and quiz them on their policies.
Big names posting updates this week
US heavyweights Boeing, McDonald’s, 3M and United Technologies will be joined by Apple in reporting latest figures this week, with interest in iPhone sales a key indicator of its performance. Amid reports this week, there will be trading statements from EasyJet, Dixons Carphone, Aberdeen Asset Management and SSE, with final results from Diageo.
Fed considers position on interest rates
The US Federal Reserve’s midweek policy meeting will be closely watched for indications of future interest rate hikes, with some analysts suggesting recent market volatility will not sway a move upwards. The US Central Bank increased rates in December for the first time in almost 10 years.
Syrian peace talks set to resume
US Secretary of State John Kerry has expressed optimism that stalled Syrian peace talks will resume in Geneva this week. The talks have been delayed due to disagreements within the United Nations about which opposition parties should take part.
Deadline for tax returns filing looms
The deadline for submitting a self assessment tax return for 2014/2015 is fast approaching, with Sunday, 31 January the final day for filing online with HMRC. Tax officials said a record number of people submitted their tax returns on Christmas Day and New Year’s Eve in the past year.
Business survey insights
The latest National Australian Bank Business Survey will offer important insights into business conditions on Tuesday, with an update on the Consumer Price Index to follow on Wednesday.