NatWest Bank is taking the US Internal Revenue Service to court to reclaim $180m (#240m) of back tax and interest it was forced to pay in 1995. The test case is based on a 1996 decision that the IRS’s arbitrary formulas violate international tax treaties and could lead to claims of a further $220m from other UK banks.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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.