A Whitehall source said there is a ‘healthy interest’ in the job, which will
be under the spotlight from the government, the general public and shareholders,
including powerful hedge funds that have baulked at the government’s plan to put
a value on the bank after stripping out its £25bn bailout package in the past.
ICAEW chief executive Michael Izza will have the final say on the eventual
Earlier this year, Accountancy Age revealed that the ICAEW would
play a key part in the selection process for the Northern Rock valuer and Izza’s
appointment has underlined the institute’s central role in the task.
The job has been seen as a poisoned chalice by some members of the profession
because of the reputational and legal baggage that comes with it, but this has
not appeared to put candidates off.
The nuts and bolts of the selection process are still shrouded in secrecy,
but the cut-off point for applications has been confirmed as 4 July.
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