HMRC and DSG International remain locked in discussions over a final
settlement in a dispute over transfer pricing arrangements.
The case which is being heard before the special commissioners is thought
to have been adjourned for the parties to reach agreement on the amount of tax
involved in the decision. The commissioners effectively ruled in favour of HMRC
in principle guidance they issued.
While sources have said an appeal by
owners of electrical store Currys, is unlikely, a statement from the group said
DSG ‘expects to appeal in the High Court’. The statement said: ‘Given the
complex process to determine and agree such amounts, [the group] cannot at this
stage confirm the timing or the amount that may fall due.’
The group said the decision will not have a material impact on its financial
position. The case relates to intra-group trading arrangements between 1997 and
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.