CA daily briefing: Thursday 30 April
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you today's news from ICAS and the wider world.
The latest from ICAS
Susan Cattell outlines HMRC’s proposals for updating its charter – which sets out the standards of behaviour taxpayers can expect from HMRC - and invites feedback from ICAS members.
Revenue Scotland is making some operational changes in response to the COVID-19 pandemic and subsequent government guidance. Find out more here.
Jan Garioch CA discusses a recent case, RPS Health in Business Ltd/RPS Consulting Services Ltd v HMRC, which saw the FTT tackle RPS’s submission that in its occupational health business it made single composite supplies which were standard rated.
The IASB has announced a proposed amendment to IFRS 16, Leases, and the extension to three of their ongoing consultation periods. Find out more here.
Today's top stories from around the web
- Coronavirus: Sainsbury’s boss says queues set to stay in place (BBC News)
- Lloyds first quarter profit crashes 95 per cent on coronavirus (City AM)
- AstraZeneca to produce Oxford University's potential COVID-19 vaccine (Reuters)
- Coronavirus: When pubs, restaurants and shops reopen, it may not be plain sailing (Sky News)
- Coronavirus: Stock markets boosted by remdesivir drug hopes (BBC News)
- Shell trims dividend as earnings halve in first quarter (City AM)
- FCA was warned three years ago about mini-bond firm Blackmore Bond, which collapsed with £45m of savers’ money (The Independent)
- Tesla warns on shutdown as Musk calls for end to lockdown (BBC News)
- Boeing to axe 16,000 jobs as coronavirus stalls new plane orders (The Guardian)
- Scrutiny suffers as AGMs and directors move behind closed doors (Accountancy Daily)
That's all for today. Check back tomorrow for your Friday briefing.