A worldwide survey by
of 500 of finance professionals from the world’s biggest organizations in 22
countries ranks UK first in ‘VAT-friendliness league’.
A net 10% of respondents said VAT in the UK it was easy against Italy, cited
as the most difficult, the remainder staying relatively neutral on other
VAT errors are now considered a greater risk than corporate tax errors and
75% of global businesses expect governments to rely more on indirect taxation in
the next five years.
In addition, 82% of global businesses prepared to give an estimate said their
total annual VAT throughput was between US$200m and US$1bn three-quarters of
major global businesses believe governments will increasingly rely on indirect
taxes such as VAT or general sales taxes in the future.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.