The government is set to adopt international accounting standards, which
could see more private finance initiatives back on its books.
Treasury officials confirmed that government will move from UK GAAP to IFRS
as of the beginning of next year.
The accounts will make government’s accounts more comparable and in line with
practice in the private sector, the FT reported.
Treasury officials acknowledged the practice would see about £40bn of
PFI projects finally on government’s
"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
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed