The 10-year contract to run the Inland Revenue’s tax and national insurance systems, worth between £4bn – £5bn, could be rewarded to Cap Gemini Ernst & Young and Fujitsu, according to reports.
EDS will argue that it is not a good time to change to another IT services provider, as the Revenue is dealing with new tax and tax credit initiatives.
However the company has been heavily criticised during the Committee’s investigations. Edward Leigh, chairman of the PAC, pointed out that EDS made a ‘fat profit’ after ‘unleashing’ an unready system on society’s most vulnerable.
Inland Revenue chairman Sir Nicholas Montagu told the Committee: ‘I expected EDS to provide a system that was stable and fit for the purpose.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.