Last week the English ICA’s tax faculty condemned new proposals to crack down on tax dodgers as shoddy and lacking in credibility. In a letter to government ministers, the tax think-tank urged Whitehall to reconsider plans to implement reforms proposed by Lord Grabiner QC, including a new criminal offence of fraudulently avoiding income tax. But UK tax experts clearly don’t know which side their bread is buttered. The sometimes heavy-handed approach of Inland Revenue officials is nothing compared to that of some overseas tax authorities. Take Pakistan for example. Just last week a businessman was reported to have died after being tied up in chains and questioned over tax evasion. The death caused somewhat of a stink among traders who have claimed a crackdown on tax dodgers was being approached rather too zealously. Police found the body of the trader in a bathroom at tax department offices where he had been taken for questioning. Relatives claim the trader was tortured to death by officials but the tax department denies the allegations.
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