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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.

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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.

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Limited Company directors’ addresses will soon be protected

13 August, 2009

The names and residential addresses of directors of registered Limited Companies in England & Wales will soon become private information.

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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.

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HMRC Tax amnesty has been labelled as unfair

06 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.

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Accountants may have to disclose client details says the HMRC

14 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.

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Treasury’s new 50% tax rate unfair

24 June, 2009

Recent reports have labelled the Treasury's new 50% tax rate as "unfair, complex, inefficient and damaging".

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Non-residents tax rules tightened by HMRC

16 June, 2009

The HMRC has tightened the tax rules for non-residents who may now have to pay more tax.

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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.

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Conservatives in fight over tax avoidance legislation

06 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.

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