The former British chief executive of Refco has started a 16-year jail
Phillip Bennett pleaded guilty to charges relating to hiding the commodity
broker problematic finances, reports the Times.
The company filed for bankruptcy in 2005 after a financial black hole was
revealed. A $430m debt was owed to Refco by a company controlled by Bennett.
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges