Tag Archive: insurance

After Covid-19: Insurance

Posted 23rd November 2020 at 4:31 pm

In the second of a series of sector-specific blogs, we look at the impact of Covid-19 on the insurance sector, and what the future might hold for businesses operating in this sector.   The insurance sector employs 139,000 people across the UK, and PWC places them at a ‘Medium’ jobs at risk rating, due to lower cash flow during the pandemic. However, a high proportion of workers in this sector – 67% – can work at home, and only 30% normally come into less than 2m contact with co-workers, making this sector one of the more adaptable to new social... Read more

HMRC Enquiries – Could you be next?

Posted 14th July 2020 at 8:34 am

HMRC compliance activity in 2018/19 yielded £34.1bn, a whopping 12.5% increase on 2017/18. You may think that you’re not at risk from a tax enquiry as you’ve done nothing wrong or are too small for HMRC to worry about. In fact, any individual or business of any size can be selected at random for an investigation.   HMRC continue to expand their data sources, and have access to data from merchant acquirers, banks and building societies, property-based information, land registry, letting agents, mortgage applications, DVLA, foreign data from overseas tax authorities, not to mention the tax evasion hotline which anybody... Read more