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One million businesses re-brace for MTD for VAT – 1 April 2021

At the end of this month, it’s the big one – the delayed phase II of HMRC’s Making Tax Digital for VAT (‘MTD’).  Over one million VAT registered businesses face tough new obligations on digital recordkeeping and the ‘digital journey’ on their VAT data. HMRC is looking to expunge over half a billion pounds in VAT errors with this phase of digitising VAT reporting. What that means for businesses of all sizes is the...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Edges Higher as Oil Prices Dip

GBP/CAD Exchange Rate Rises as Oil-Sensitive ‘Loonie’ Struggles Ahead of US Fed Rate Decision The Pound Canadian Dollar (GBP/CAD) exchange rate rose today as sliding oil prices have driven away demand for the oil-sensitive ‘Loonie’. The pairing is currently trading around CA$1.73. The price of WTI crude has dropped over the past week as fears over Europe’s rising number of Covid-19 cases has caused a dip in global risk...