Deloitte has paid the Bank of England £73m as an initial payment to settle
outstanding costs in the Bank of Credit and Commerce International case.
The Big Four firm, which is acting as liquidator, agreed to pay the Bank’s
full costs going back as far as 1993.
The Bank launched a high court claim for £80m in costs yesterday, which
includes £8m in interest.
Deloitte abandoned an £850m ‘misfeasance’ claim against the Bank over the
collapse of BCCI last year.
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges