03/27/2020
While companies will still have to apply for the three month extension to be granted before the accounts are due to be filed, those businesses citing issues around COVID-19 will be automatically and immediately granted an extension.
03/27/2020
The board of Knights is taking a 30% pay cut, although the nobility of their sacrifice is debatable given that an interim dividend of 1.1p per share was declared last week which showered them all in cash.
03/26/2020
In addition to financial support, the UK Government has also announced a number of other tax-related measures to help businesses, employees and contractors manage the COVID-19 pandemic.
03/26/2020
Commander Karen Baxter, national co-ordinator of economic crime at the City of London Police, said criminals would exploit "tragedies and global emergencies" to take money from the public.
03/26/2020
Mostly importantly the EBA confirms that banks can fully use capital and liquidity buffers, including Pillar 2 Guidance (P2G) and will benefit from relief in the composition of capital for Pillar 2 Requirements.
03/26/2020
British Airways, which operates the majority of flights from London City, suspended all its services there on Monday.