In a move aimed at boosting the attractiveness of the UK as a base for international companies, paymaster general Dawn Primarolo has announced the abolition of rules requiring taxable profits to be computed in sterling in the next Finance Bill. The UK tax system normally requires taxable profits to be computed in sterling, although a company is allowed to elect to have its taxable trading profits based on the profits computed in a foreign currency. In future, if the accounts are drawn up in a foreign currency, the taxable profits will usually be based on the foreign currency profits.
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