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Current Issues

Financial Services Update – September 2024

In this issue we cover the latest FCA developments and guidance notes for the sector.

Scam warning about convincing HMRC-looking letters targeting businesses

Fraudulent letters pretending to be from HM Revenue & Customs are being sent to businesses and should be ignored.

A new regime and reporting for the allocation tips

The Employment (Allocation of Tips) Act and a Statutory Code of Practice come into force on 1 October 2024. They will impact businesses, their employment policies and payroll systems across the leisure and hospitality sectors.