Opposition is continuing to grow among parliamentarians over last year’s move
to scrap the operating and financial review, according to reports.
Treasury committee chairman John McFall questioned in the Financial
Times whether the decision would actually reduce red tape as ‘a substantial
proportion of the requirements in the OFR are a result of European Union
A Lords committee that is reviewing the regulations replacing the OFR also
highlighted potential conflicts between government departments over the switch,
as the OFR requirement was introduced by the DTI ‘and its removal was announced
by the chancellor’.
Environmental pressure group Friend of the Earth is currently challenging the
government’s decision in court, with a hearing expected in Spring.
"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
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed