IFAC accelerates engagement on anti-corruption and anti-money...
As evolving threats such as climate change, artificial intelligence, and geopolitical conflicts put increasing...
READ MORE£36bn of government-backed loans will be toxic, taskforce warns
A City taskforce is warning that up to £36bn worth of government-backed business loans could turn toxic by next year, as companies struggle to repay growing debts during the Covid-19 crisis.
An interim report by the Recapitalisation Group, led by EY and lobby group TheCityUK, projects that businesses will be saddled with £97bn-£107bn worth of unsustainable debt by March 2021. A third of that total will come from government-backed loans.
Read more at the Guardian.
Previous
Charity trustees censured for conflicts of interest
Next
Boris Johnson wants to change 'defective' Brexit withdrawal agreement
HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MORE
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE