|
|
05 Dec 2012
GOVERNMENT SUPPLIERS revealed to have unsavoury tax practices could find themselves out in the cold when it comes to dishing out state procurement contracts under tentative plans revealed in the Autumn Statement.
As part of measures to clamp down on tax avoidance and evasion, the Cabinet Office and HMRC are to consult on the use of the procurement process to deter tax avoidance, with a view to the new arrangements coming into effect from 1 April 2013.
Further reading
Chris Morgan, head of tax policy at KPMG, described the limited explanation in the Autumn Statement as "cryptic", and suggested there was little time given over for consultation.
"It seems they want to have some kind of certification process to ensure that companies dealing with the government follow the rules as the government interprets them," Morgan says. "It is also part of the drive to have companies be more transparent about their tax arrangements."
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
Unsavoury tax practices
I hope the "unsavoury tax practices" extends to the Big 4 who devised and marketed tax avoidance schemes.
Posted by: Graham Hirst, 07 Dec 2012 | 10:29