"> September 2019 - IAB | International Association of Bookkeepers

September 2019

HMRC Talking Points

HMRC’s regular Talking Points provide ongoing information, guidance and tips to help you to understand tax issues. Here’s a selection of some of the Talking Points webinars coming up. There are a limited number of spaces, so you are advised to book your place early. New VAT reverse charge for construction services: Do you have clients who provide building services?

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UK ‘needs a robot strategy’

Unless the government steps up efforts to manage the transformation to AI, entire regions of the UK face being left behind and British business could find themselves uncompetitive, the Business, Energy & Industrial Strategy (BEIS) Committee says in a new report. The UK is now ranked a lowly 22nd in the world for the number of robots per person. To

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Thomas Cook’s journey into insolvency

After 178 years of trading, on 23 September winding up orders were made against Thomas Cook Group and associated companies. The court immediately appointed AlixPartners as ‘special managers’ over the airline and tour operator companies. Insolvency practitioners from KPMG have been appointed ‘special managers’ to the group’s retail division and its aircraft maintenance companies, writes Graham Hambly. Some 22,000 jobs

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HMRC calls on universities to protect students from tax scams

Students starting university this month could be the likely targets of a fresh wave of tax scams, HMRC is warning. The Revenue is writing to UK universities advising them to warn new students about tax scams sent by fraudsters looking to steal students’ money and personal details. Over 620,000 tax-related email scams were reported to HMRC last year – up

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Government urged to introduce frequent flyer levy

Frequent flyers should face higher taxes to help tackle aviation emissions, the government’s climate advisers say. The Committee on Climate Change (CCC) says a ‘frequent flyer levy’ would help curb the growing demand for air travel. Analysis shows that 70% of UK flights are made by a wealthy 15% of the population, with 57% not flying abroad at all. The

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Small firms call for protection of free cashpoints

New figures from the consumer group Which? show that one in 10 free UK cashpoints (that’s 8,700) have either closed or started charging fees since January 2018, with deprived communities disproportionately impacted by the changes. Anabel Hoult of Which? and Natalie Ceeney of the Access to Cash Review have written to the Chancellor to urge the Government to do more

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Rise in teenage money mules prompts warnings

Criminals are recruiting a rising number of teenagers to act as money mules to help them launder the proceeds of crime, the BBC has reported. According to data from fraud prevention body Cifas, the number of cases of 14 to 18-year-olds who have allowed their bank accounts to be used to divert funds has grown by 73% in two years.

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There’s an app for that!

App downloads hit a record 30.3bn in Q2 2019, according to new market data from App Annie. This is an increase of 1.9bn over the same quarter in 2018. Downloads from Google play were up 10% to 22.5bn as a result in growth in emerging markets such as India, Brazil and Indonesia, while App Store downloads remained consistent year-on-year at

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Personality flaws that could cost you your dream job

While your skills and experience are key areas companies look at when hiring, a new survey from independent jobs board CV-Library and CV-writing firm TopCV reveals that 92.7% of employers in the finance industry believe personality is the most important factor when considering someone for a job; more so than your skillset (87.8%) or experience (78%). The survey quizzed nearly

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