Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Taxman chases parents who have been overpaid Child Benefit
Thousands of families are being chased by the taxman after they failed to repay child benefit that they had received but were not entitled to keep. Since January 2013, parents who earn more than £50,000 a year have been required to pay back some of the child benefit they receive from the Governm...
Crypto-assets not ‘material risk’ to financial stability
FSB has published a report which includes an assessment of the primary risks present in crypto-assets and their markets, such as low liquidity, the use of leverage, market risks from volatility, and operational risks. The body, which coordinates at the international level the work of national fin...
Account names to be used to prevent fraud on bank transfers
At present account names are not checked when sending electronic payments. The new service, ‘confirmation of payee’ will aim to prevent fraudulent or misdirected payments by introducing a new aspect to payments under which the name on the account is checked when sending a payment. From next y...
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