CA daily briefing: Monday 3 August
Your essential briefing of the morning's top news stories.
Good morning, Andrew Harbison here bringing you the latest news from ICAS and around the world.
The latest from ICAS
In her latest article, Jan Garioch CA discusses a recent case Awards Drinks Ltd v HMRC where HMRC suspect VAT is unaccounted for on sales of alcoholic drinks in the UK, and that the appellant’s paper trail showing otherwise is deliberate misdirection.
Today's top stories from around the web
- HSBC's profits slump 65% amid COVID-19 downturn (BBC News)
- Former BoE governor Sir Mervyn King warns that increasing QE would be 'premature' (City AM)
- Lockdown savings push UK millennials into stock markets (Reuters)
- Microsoft tries to salvage deal to buy TikTok (Bloomberg)
- $340m in London law firm's account suspected of 1MDB connection (The Guardian)
- Tens of thousands of homeowners face difficulty remortgaging (The Independent)
- BA pilots vote to accept jobs deal involving redundancies as airline faces 'enormous challenge' (Sky News)
- Adverts for large polluting cars 'should be banned' (BBC News)
- BoE avoids repeat of 2008 schism for now even as split widens (Bloomberg)
That's all for today. Check back tomorrow for your Tuesday briefing.