The High Court Enforcement Officers Association (HCEOA) has released new guidance on VAT. The HCEOA has written to all members with an updated recommendation regarding the treatment of VAT on High Court enforcement fees, ahead of expected new guidance from the UK Government. The HCEOA has recommended to all members that their treatment of VAT…

The Lending Standards Board (LSB) says banks must urgently improve the way they apply a code that reimburses bank transfer scam victims. The LSB warned of systemic failings and said firms must work without delay to ensure the best outcomes for customers. It has written to the Chief Executives of banks which have signed up…

The Financial Conduct Authority (FCA) has announced that it has appointed Non-Executive Chair of the London Stock Exchange (LSE) Michael Findlay, as the Chair of its independent Markets Practitioner Panel. Findlay will take up the post from 1st July 2021, succeeding Interim Chair Tim Waddell, Vice Chairman, Global Corporate & Investment Banking for EMEA, BofA…

The Payment Systems Regulator (PSR), the specialist economic regulator of UK payment systems, has published its proposed five-year strategy. The strategy sets out an approach that aims to make sure payments and payment systems work well for everybody and that there is fair competition and access to payments for all. The PSR’s approach will protect and embrace what’s working well, change what…

Sub-prime lender, Amigo has warned that it faces potential collapse after confirming that it will not appeal against a High Court decision that blocked a scheme to cap customer compensation. The firm said it would ‘consider all options’ noting that it is looking at an alternative scheme to manage the costs of customer compensation claims.…

Universal Credit flaws are stopping vulnerable people from getting help from loved ones to manage benefits, leaving 100,000s struggling, and some risking benefits cuts according to new research by the Money and Mental Health charity The charity is launching a new campaign — Set Up To Fail. The campaign calls for urgent action from the…

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