Saffreys waits for return of kiss and tell accountant
Personal Tax

Saffreys waits for return of kiss and tell accountant

27y michael laydon

Saffreys waits for return of kiss and tell account...

Saffrey Champness will next week decide the future of Paul Stone, its 24-year-old trainee tax accountant, who sold details of his alleged 16-month aff...

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Revenue turns on group accounts
Personal Tax

Revenue turns on group accounts

27y michael laydon

Revenue turns on group accounts

A well-hidden measure in the Finance Bill could signal the start of a major Inland Revenue policy change to use consolidated group accounts for tax pu...

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Tax inspector to open case for his defence
Personal Tax

Tax inspector to open case for his defence

27y michael laydon

Tax inspector to open case for his defence

A senior Inland Revenue inspector facing 11 fraud charges should enter the witness box today to start his defence. Two other charges against Michael A...

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PW staff choose time off over extra money
Personal Tax

PW staff choose time off over extra money

27y michael laydon

PW staff choose time off over extra money

A new flexible benefits scheme set up by Price Waterhouse has led to employees opting to take more holiday time instead of boosting their pay packets....

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Pleas for PAYE change rejected
Personal Tax

Pleas for PAYE change rejected

27y michael laydon

Pleas for PAYE change rejected

Employers’ hopes for a smooth transition to the new system of PAYE settlement agreements have been dashed by the Contributions Agency. Despite i...

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Revenue set to advocate split of ICTA
Personal Tax

Revenue set to advocate split of ICTA

27y michael laydon

Revenue set to advocate split of ICTA

Income tax and corporation tax are likely to be split into separate acts following the tax law rewrite. The radical move would form the central plank ...

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New responsibilities come with continuing prosperity
Personal Tax

New responsibilities come with continuing prosperity

27y michael laydon

New responsibilities come with continuing prosperi...

First, the good news; then the bad. The first is that accountants in practice are standing on the brink of an extremely profitable 12 months – e...

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LLP day of reckoning to come
Personal Tax

LLP day of reckoning to come

27y michael laydon

LLP day of reckoning to come

The profession’s long-running campaign to limit auditors’ liability will reach a climax in 1997, following some hard-won concessions from ...

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Bringing together accounting standards at home and abroad
Personal Tax

Bringing together accounting standards at home and abroad

27y michael laydon

Bringing together accounting standards at home and...

The International Accounting Standards Committee has a pact with the International Organisation of Securities Commission to achieve a core set of inte...

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No avoiding the conflict
Personal Tax

No avoiding the conflict

27y michael laydon

No avoiding the conflict

There are two certainties in the tax world for 1997. The Customs & Excise campaign against VAT avoidance will grow stronger, matched only by the t...

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Back to the future - did last year's forecasts come true?
Personal Tax

Back to the future - did last year's forecasts come true?

27y michael laydon

Back to the future - did last year's forecasts com...

So how did the accountancy sages fare when it came to predicting last year’s developments? Despite a year of significant steps towards limited l...

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Fruits of a Labour victory
Personal Tax

Fruits of a Labour victory

27y michael laydon

Fruits of a Labour victory

By next summer, much of the Budget could lie on the cutting room floor, the utilities might be digesting a double-whammy tax rise and a Low Pay Commis...

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Final Standards
Personal Tax

Final Standards

27y michael laydon

Final Standards

There may have been only FRS 8 on related parties issued in 1995 and the revised FRS 1 on cashflow in 1996, but plenty is happening under the surface....

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Difficulties facing self-assessment
Personal Tax

Difficulties facing self-assessment

27y michael laydon

Difficulties facing self-assessment

Taxpayer confusion surrounding the implementation of self-assessment will lead the Inland Revenue to waive tough penalties and extend deadlines for la...

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Barlow appointed to tax simplification committee
Personal Tax

Barlow appointed to tax simplification committee

27y michael laydon

Barlow appointed to tax simplification committee

KPMG’s head of tax, Ian Barlow, has been appointed to the influential steering committee on tax simplification. He will join chartered accountan...

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Government plans crackdown on NIC evasion
Personal Tax

Government plans crackdown on NIC evasion

27y michael laydon

Government plans crackdown on NIC evasion

The Government this week announced a crackdown on companies paying staff in shares and share options to avoid National Insurance. The ruling targets s...

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Customs condemned over new ruling on promotion schemes
Personal Tax

Customs condemned over new ruling on promotion schemes

27y michael laydon

Customs condemned over new ruling on promotion sch...

Customs & Excise has been criticised this week after seeking to clarify treatment of business promotion schemes in the wake of its Elida Gibbs and...

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Inland Revenue next in line for Tory privatisation
Personal Tax

Inland Revenue next in line for Tory privatisation

27y michael laydon

Inland Revenue next in line for Tory privatisation

Parts of the Inland Revenue could be sold off in a new privatisation drive if the Tories win the next General Election. President of the Board of Trad...

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Customs plans to ban tax avoidance
Personal Tax

Customs plans to ban tax avoidance

27y michael laydon

Customs plans to ban tax avoidance

Customs & Excise is planning ambitious legislation to outlaw all VAT avoidance measures. Customs’ director of VAT policy, Martin Brown, has ...

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THE EUROS ARE COMING
Personal Tax

THE EUROS ARE COMING

27y michael laydon

THE EUROS ARE COMING

The political furore surrounding the European single currency isobscuring the practical effects its introduction in 1999 will have on UKbusiness. Andr...

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Tax avoidance or tax evasion?
Personal Tax

Tax avoidance or tax evasion?

27y michael laydon

Tax avoidance or tax evasion?

KPMG's Ian Barlow looks at the Budget's implications for tax and theTreasury's plans for more widespread investigation. Read More...

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Markets set to gain from tax relaxation
Personal Tax

Markets set to gain from tax relaxation

27y michael laydon

Markets set to gain from tax relaxation

The number of companies listed on the Alternative Investment Market and the unofficial matched bargains market Ofex whose shares will qualify for capi...

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Intimidating tax advisers is not the best way forward
Personal Tax

Intimidating tax advisers is not the best way forward

27y michael laydon

Intimidating tax advisers is not the best way forw...

Tax advisers are in the firing line as never before. All year, the Inland Revenue and Customs & Excise have been hacking away – with mixed s...

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E&Y opens its books to show 12% net fee rise
Personal Tax

E&Y opens its books to show 12% net fee rise

27y michael laydon

E&Y opens its books to show 12% net fee rise

Ernst & Young this week unveiled a 12% increase in UK net fee income to #424m and became the second Big Six firm, following KPMG, to lay bare its ...

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Pannells hit by another defection
Personal Tax

Pannells hit by another defection

27y michael laydon

Pannells hit by another defection

Pannell Kerr Forster’s battle to hang on to its key staff has suffered yet another setback, following the resignation of its director of interna...

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Experts slate Customs plans to claw back VAT
Personal Tax

Experts slate Customs plans to claw back VAT

27y michael laydon

Experts slate Customs plans to claw back VAT

Customs & Excise’s plan to ‘claw back’ millions of pounds in VAT repaid to businesses after last week’s landmark High Cour...

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Stores to be hit by insurance tax change
Personal Tax

Stores to be hit by insurance tax change

27y michael laydon

Stores to be hit by insurance tax change

Electrical good retailers could be hit by the Chancellor’s move to close an Insurance Premium Tax loophole which allowed companies to avoid char...

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