On the 25th March 2020, Chancellor Rishi Sunak announced the Self-Employment Income Support Scheme (SEISS). This allowed HMRC to calculate and provide an appropriate taxable grant to self-employed individuals ‘whose livelihoods are adversely affected by coronavirus’, based on their average income.
The US Public Company Accounting Oversight Board has issued a Staff Audit Practice Alert to remind auditors to continue to follow existing PCAOB standards when considering a company's ability to continue as a going concern.
English devolution should be to local government says Clive Betts MP, Chair of the Communities and Local Government Committee.
UK-based multinationals will have to report to HMRC where they make profits and pay taxes around the world, as Britain takes the lead to clamp down on international tax avoidance, Financial Secretary to the Treasury David Gauke announced on Saturday.
Woody Duh took over for Chang Chia-juch as the Minister of Economic Affairs in early August 2014 and briefed legislators in his first time in Monday’s Economic Committee. Responding to legislators’ criticism of negotiation process with China as a black box, Mr Duh stated at the committee that the update of cross-straits trade in goods talks will be disclosed to the public on the daily basis with preannouncements regarding time and location of trade talks to be held.
Singapore has become the only developed economy to make it onto the Milken Institute's top 10 list of Asia's Best-Performing Cities, coming in at eighth place.