ICAI to rebut Varney report at Westminster
ICAI has been invited to present its rebuttal of the Varney report to the House of Commons this month
ICAI has been invited to present its rebuttal of the Varney report to the House of Commons this month
The Institute of Chartered
Accountants in Ireland (ICAI) has been invited to present its rebuttal of
the
Varney report to the House of Commons’ Northern Ireland Affairs Committee at
Westminster on February 27th.
The Committee will debate the analysis offered by Sir David Varney who has
rejected the case for reducing the corporation tax rate in Northern Ireland to
that used in the Republic of Ireland.
ICAI, a key player in the debate, will be publishing its rebuttal document on
the day of the committee hearing which co-incides with an ICAI gathering of
political and business figures in Northern Ireland to discuss the case for a
special tax rate for Northern Ireland, as distinct from the one used in the rest
of the UK, Tax-News.com reports.
‘ICAI is an all island organisation, and our members have first hand
knowledge and experience of how a low corporation tax rate contributes to the
economy,’ Brian Keegan, ICAI director of taxation, said. ‘We want to bring this
knowledge and experience to the debate on Northern Ireland tax policy, and
correct the points overlooked in the Varney Review.’
Further reading:
Corporate tax clearance pilots go live
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...
View articleThe IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...
View articleKPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...
View articlePwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...
View articleAccountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...
View articleThe creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...
View articleChanges will help to make accounting profession more attractive, ICAEW boss says Read More...
View article38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View article