Financial secretary Stephen Timms agreed to Tory calls for existing schemes to be phased out by 1 January 2003, instead of 5 April 2002, to enable them to make the change at the end of their financial years. The concession came during Finance Bill committee debates in which he rejected several Tory attempts to widen the scheme, including an attempt to scrap stamp duty on share deals below #5,000 proposed by shadow chief secretary and accountant MP David Heathcoat-Amory. He said the Tories backed the scheme, but accused the government of failing to make changes in the tax structure that would make it more of a success.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel