September 2019

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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Government’s insolvency priorities switch ‘will harm UK economy’

Government plans to prioritise payments of debt to HMRC over repayments to other creditors in insolvency cases have been slammed by leading industry figures, who say the move “will have serious consequences for the UK economy”. In a letter to Chancellor Sajid Javid, signed by among others representatives from R3, ACCA, ICAS, ICAEW and the Insolvency Practitioners Association, the government

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£16m boost to support thousands more customs experts

Thousands of customs experts will be trained and businesses supported for trading post-Brexit in a new £16 million government scheme, the Government has said. The funding is now available to help businesses train staff in making customs declarations, and to help businesses who support others to trade goods to invest in IT. Customs agents currently help businesses who trade outside

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Getting ready for Brexit – update

The Government has said the UK will be leaving the EU on 31 October. Leaving the EU without a deal means there will be immediate changes to the way UK businesses trade with the EU that may impact your business, your clients’ businesses or the business you work for. HMRC has started writing to VAT registered business to let them

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Making Tax Digital VAT service progress update

HMRC has provided a further update on the rollout of Making Tax Digital (MTD) for VAT. Below are the headlines of recent weeks and information on what is planned for the coming weeks. As August drew to a close over a million VAT businesses had signed up to MTD and submissions for the first time exceeded the number of sign-ups.

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HMRC – Brexit Agent Update

HMRC’s Agent Update – Brexit Edition is now available, it features: Brexit communications resources grants for businesses completing customs declarations HMRC Brexit webinars changes for UK employers sending workers to the EU, the EEA or Switzerland Transitional Simplified Procedures merchandise in baggage claims for VAT on business expenses after Brexit To view this edition please click here.

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Scheduled maintenance to the Making Tax Digital Service

HMRC will be undertaking scheduled maintenance to the Making Tax Digital (MTD) VAT service from Saturday 21 September at 16:00 until Monday 23 September at 16:00, during which time the MTD service for VAT will be closed. During this period, customers and their agents will be unable to: Sign up for Making Tax Digital for VAT, Create an Agent services account

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