Friends of the Earth will tomorrow apply for a judicial review of the
government’s decision to scrap the operating and financial review.
FoE has been considering a review application since Gordon Brown’s
announcement at the end of November to remove the mandatory requirement for the
OFR. A hearing is now expected in mid-March.
The environmental pressure group hopes court action will force the government
to open a consultation over its decision to remove the mandatory OFR, and that
the weight of opinion from such a consultation would change the government’s
The OFR has been replaced with a stripped-down business review that covers
the minimum requirements from the EU Accounts Modernisation Directive, but
significantly reduces the environmental and social reporting details that a
business needs to provide in its annual statements.
FoE has spent the last week considering the government’s ‘fairly substantial
response’ to concerns raised over the sudden scrapping of the OFR. But it is
understood the lobby group remained unmoved by the arguments that were made.
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
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group