So many advisers have slagged off the newly-released
income-splitting legislation that even chief taxman Dave Hartnett would
struggle to find someone happy with the new rules. Don’t forget he berated
Accountancy Age for not knowing that loads of advisers approved of HM Revenue
& Customs’ battle against Arctic Systems, apparently.
But beyond that cheap shot at Dave (who’s busy enough as it
is encrypting data discs), TS has been told on several occasions that the
Treasury’s examples used within the legislation contain simple tax
miscalculations. For the example in box 1.1, Baker Tilly’s George Bull was
concerned they had failed to consider corporation tax for ‘Nina and Joe’s’
imaginary business – which would have kept £9,000 from the Treasury’s coffers
and which he described as one of a number of ‘serious and misleading errors’ in
TS is sure the Jones’s of Arctic Systems fame would be
pleased with this particular calculation.
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.
Deloitte chief executive David Sproul is among 11 chief executives to take part in global executive search firm Odgers Berndtson’s CEO for a Day scheme
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal