MPs want power to veto appointment or dismissal of OTS chair
Politics

MPs want power to veto appointment or dismissal of OTS chair

8y Richard Crump , Writer

MPs want power to veto appointment or dismissal of...

MPs should be given the right to veto the appointment or dismissal of the senior leadership of the Office of Tax Simplification, the influential Treas...

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FRC made ‘serious mistake’ by failing to investigate HBOS audit sooner
Accounting Firms

FRC made ‘serious mistake’ by failing to investigate HBOS audit sooner

8y Richard Crump , Writer

FRC made ‘serious mistake’ by failing to investiga...

The Treasury Select Committee criticises the FRC for a 'lack of curiosity and diligence' in deciding to not investigate KPMG’s audit of HBOS before th...

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Tyrie lays down gauntlet to FRC over HBOS probe
Audit

Tyrie lays down gauntlet to FRC over HBOS probe

8y Calum Fuller , Reporter

Tyrie lays down gauntlet to FRC over HBOS probe

Treasury Select Committee chairman Andrew Tyrie raises "number of concerns" over FRC's supervision of KPMG's role in HBOS collapse Read More...

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Lord McFall joins ICAS Council
Accounting Standards

Lord McFall joins ICAS Council

9y Calum Fuller , Reporter

Lord McFall joins ICAS Council

Former chair of the House of Commons Treasury Select Committee joins ICAS council as public interest member Read More...

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Tyrie wants HMRC to have greater policy input
Administration

Tyrie wants HMRC to have greater policy input

12y Calum Fuller , Reporter

Tyrie wants HMRC to have greater policy input

The chairman of the Treasury Select Committee would like to see HMRC have greater involvement in the formulation of policy Read More...

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Taxman bullish in face of MPs' criticisms
Administration

Taxman bullish in face of MPs' criticisms

13y Idris Nagri

Taxman bullish in face of MPs' criticisms

The government's response to the Treasury Select Committee's report on HMRC showed little change in policy Read More...

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MPs refute HMRC reasons for poor service standards
Administration

MPs refute HMRC reasons for poor service standards

13y Idris Nagri

MPs refute HMRC reasons for poor service standards

The Treasury select committee said problems with NPS cannot be blamed for long-running issue Read More...

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The tax system needs trust, says CIoT
Corporate Tax

The tax system needs trust, says CIoT

13y Kevin Reed , Writer

The tax system needs trust, says CIoT

President Anthony Thomas calls on the UK tax system to work more effectively, following Treasury Select Committee concerns Read More...

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VAT rules on financial advice need clarifying
Corporate Tax

VAT rules on financial advice need clarifying

13y Idris Nagri

VAT rules on financial advice need clarifying

A Treasury select committee report highlights uncertainty around FSA reforms Read More...

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Taxman should use travelling enquiry offices, says Gauke
Personal Tax

Taxman should use travelling enquiry offices, says Gauke

13y Idris Nagri

Taxman should use travelling enquiry offices, says...

HMRC should look into greater use of the voluntary sector and possible travelling enquiry centres, a minister has told the Treasury select committee R...

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Tax system "not yet moving towards simplification"
Corporate Tax

Tax system "not yet moving towards simplification"

13y Idris Nagri

Tax system "not yet moving towards simplification"

The Treasury select committee welcomed measures in the Budget to simplify the tax system, but said that they have simply slowed the increasing rate of...

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Vodafone settlement was not unusual, Hartnett tells MPs
Corporate Tax

Vodafone settlement was not unusual, Hartnett tells MPs

13y Idris Nagri

Vodafone settlement was not unusual, Hartnett tell...

The £1.25bn deal between Vodafone and HMRC was "nothing special", the permanent secretary at HMRC told the Treasury select committee Read More...

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MPs recommend greater policy role for tax professionals
Corporate Tax

MPs recommend greater policy role for tax professionals

13y Idris Nagri

MPs recommend greater policy role for tax professi...

The Treasury select committees report into the principles of taxation has called for greater analysis from tax professionals before enacting legislati...

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HMRC cuts wasting advisers' and clients' valuable time
Accounting Standards

HMRC cuts wasting advisers' and clients' valuable time

13y Idris Nagri

HMRC cuts wasting advisers' and clients' valuable ...

Treasury Select Committee told that HMRC staff cuts leave simple enquiries taking "months" to clear up Read More...

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Lords may look into audit reform: McFall
Accounting Standards

Lords may look into audit reform: McFall

14y Idris Nagri

Lords may look into audit reform: McFall

Former treasury select committee chair hears "whsipers" from Lords on audit reform Read More...

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HMRC low morale threatens tax crackdown say MPs
Administration

HMRC low morale threatens tax crackdown say MPs

14y Idris Nagri

HMRC low morale threatens tax crackdown say MPs

Treasury select committee voices concern about employee engagement at the taxman affecting anti-avoidance moves Read More...

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Don’t blame the auditors
More News

Don’t blame the auditors

15y Peter Williams

Don’t blame the auditors

An open letter from chartered accountant and journalist Peter Williams to the Treasury Select Committee chairman, John McFall, says auditors aren’t t...

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Time to rethink bank audits, says accounting professor
Audit

Time to rethink bank audits, says accounting professor

15y Christian Doherty

Time to rethink bank audits, says accounting profe...

Commons Treasury select committee member expresses concern that banks' financial instruments are too complex even for auditors to understand Read Mor...

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Auditors not to blame for banking crisis, academic tells MPs
Audit

Auditors not to blame for banking crisis, academic tells MPs

15y Idris Nagri

Auditors not to blame for banking crisis, academic...

Auditor role does not involve challenging boardroom strategy, Professor tells Commons Treasury Select Committee Read More...

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Havens have improved, MPs told
Corporate Tax

Havens have improved, MPs told

16y Idris Nagri

Havens have improved, MPs told

Experts tell Treasury Select Committee that offshore financial centres have responded to pressure from the companies which operate through them. Read...

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Rock FD says repayments will be shelved for 6 months
Company News

Rock FD says repayments will be shelved for 6 months

16y Idris Nagri

Rock FD says repayments will be shelved for 6 mont...

Godbehere tells Treasury select committee that Northern Rock's £25bn IOU to the government will be paid back later than previously thought Read More...

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MPs to investigate tax havens
Corporate Tax

MPs to investigate tax havens

16y Idris Nagri

MPs to investigate tax havens

Treasury Select Committee to look into offshore financial centres and their role in denying the UK tax Read More...

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HMRC admits lost discs were part of 'systemic failure'
Politics

HMRC admits lost discs were part of 'systemic failure'

16y Idris Nagri

HMRC admits lost discs were part of 'systemic fail...

Dave Hartnett admits to MPs on Treasury Select Committee that there have been seven instances of lost data since merger of Inland Revenue and Customs...

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Rock auditors braced for MP grilling
Company News

Rock auditors braced for MP grilling

16y Idris Nagri

Rock auditors braced for MP grilling

Treasury select committee to grill head of assurance at PwC over firm's audit of Northern Rock Read More...

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MPs rap Darling over CGT reform
Politics

MPs rap Darling over CGT reform

16y Idris Nagri

MPs rap Darling over CGT reform

Treasury select committee criticises chancellor for making changes without consultation Read More...

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MPs call for private equity shake-up
Corporate Finance

MPs call for private equity shake-up

17y Idris Nagri

MPs call for private equity shake-up

Treasury Select Committee says non-doms, interest relief and transparency need to be probed Read More...

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MPs to hone in on non-doms
Personal Tax

MPs to hone in on non-doms

17y Idris Nagri

MPs to hone in on non-doms

Treasury Select Committee to conduct review of non-dom loophole Read More...

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Private equity bosses 'will bow to tax rises'
Personal Tax

Private equity bosses 'will bow to tax rises'

17y Idris Nagri

Private equity bosses 'will bow to tax rises'

Private equity leaders face a further Treasury Select Committee grilling this week, but have already privately accepted hikes to personal tax rates, ...

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