News
Legislation
Chairman of SEC, Mary Schapiro backs the IASB-FASB agreement
06 November, 2009
Chairman of the SEC (US Securities and Exchanges Commission) Mary Schapiro, said in an interview on 5 November that she was encouraged by a renewed commitment by the US and international standard setters to transparency and arriving at agreed accounting standards.
IASB draft proposal released today
05 November, 2009
The new IASB (The International Accounting Standards Board) proposal hopes to address the root cause of the financial crisis by looking into banking decisions when issuing loans.
Limited Company directors’ addresses will soon be protected
12 August, 2009
The names and residential addresses of directors of registered Limited Companies in England & Wales will soon become private information.
The taxman can now pitch up without warning
06 August, 2009
The HMRC has now got powers to visit and inspect business premises, and obtain information from a taxpayer, without giving notice.
HMRC Tax amnesty has been labelled as unfair
05 August, 2009
Confirmed details are now available on the design of the New Disclosure Opportunity (NDO) in an HMRC news release and on the HMRC website.
Accountants may have to disclose client details says the HMRC
13 July, 2009
The HMRC has recommended a new rule that would compel accountants to disclose the details of any clients who participate in schemes that avoid paying the 50% income tax rate.
Treasury’s new 50% tax rate unfair
23 June, 2009
Recent reports have labelled the Treasury's new 50% tax rate as "unfair, complex, inefficient and damaging".
Non-residents tax rules tightened by HMRC
15 June, 2009
The HMRC has tightened the tax rules for non-residents who may now have to pay more tax.
Tax changes could cause contractors to leave the country
15 June, 2009
As from 2010 people earning more than £150,000 will have to pay a heavy 50 per cent tax, something which is likely to cause contractors to leave the country.
Conservatives in fight over tax avoidance legislation
05 June, 2009
In a parliamentary battle the Conservatives challenged the finance bill containing plans to shut down a tax avoidance scheme used by hedge fund managers.