Challenged by Mid Worcestershire Tory MP Peter Luff, who claimed the change would affect the status of NR’s borrowings, Boateng issued a statement in the Commons accepting that when it is wound up, SRA’s duties and financial obligations including those in support of NR’s borrowings, will transfer to the Department of Transport.
But he insisted in a written reply to a formal question from Luff: ‘This will not affect the classification of NR or its debt.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements