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Profile - Ed McNally, FD of Canon UK

About 30% of Canon’s business is generated in Europe, so a lot of the significant entities information required by Sarbox pulls the European businesses into its remit. “When I saw it happening I thought, ‘this is difficult’ but we needed to do ...

From DAVID JETUAH, VNUNet.com,  19 Nov 2009

Profits drop at Grant Thornton as restructure takes its toll

Grant Thornton has taken the bold move of accounting for restructuring costs in one hit after its merger with Robson Rhodes, so that it can draw a line under the costly tie-up and start to rebuild without any further damage to its revenues. The costs ...

From DAVID JETUAH, Accountancy Age,  18 Nov 2009

Related Topics: Grant Thornton International

HMRC pursues tax avoiders in transfer pricing clampdown

The taxman is ramping up a major offensive on companies it suspects of avoiding the UK’s tax coffers when they shift goods from one place to another as 1,000 transfer pricing disputes remain in the pipeline. HMRC is looking to haul UK companies over ...

From DAVID JETUAH, Accountancy Age,  18 Nov 2009

Related Topics: PricewaterhouseCoopers

Hartnett whips up a storm at the ICAEW

The permanent secretary for tax and commissioner of HM Revenue & Customs has never been afraid of ruffling a few feathers and Dave Hartnett did not disappoint at a recent address to some of the UK’s most eminent tax advisers. Hartnett set out plans for ...

From DAVID JETUAH, Accountancy Age,  18 Nov 2009

Colin Howe crowned UK200 group president

Leading association of independent quality assured accountants and lawyers, appoints Colin Howe to lead the The UK200 Group has brought in Colin Howe as its new president The announcement was made at the leading association of independent ...

From DAVID JETUAH, VNUNet.com,  18 Nov 2009

Related Topics: George Osborne

Courts find for business giants in landmark Thin Cap GLO case

Tax judges have dealt a blow to HMRC by broadly ruling in favour of business heavyweights in a landmark tax case involving intercompany loans. The case concerned Volvo, Siemens, Lafarge, IBM and Standard Bank of South Africa and advances to their UK ...

From DAVID JETUAH, VNUNet.com,  17 Nov 2009

Related Topics: Lafarge S.A.,  IBM

CIoT lobby win for HMRC 'equitable liability' extension

A measure which stops HMRC pursuing tax cases where it is thought excessive and unfair to do so has been retained after pressure from tax experts. The "equitable liability" practice applies in cases where, although money is technically due, a taxpayer ...

From DAVID JETUAH, VNUNet.com,  17 Nov 2009

Rows with HMRC taking 13 months to resolve

Average length of time to settle complaint cases against the taxman tops more than a year Taxpayers are facing up to 13 months waiting time to have wrangles with HMRC resolved. According to official figures from the adjudicator's office, in charge ...

From DAVID JETUAH, Accountancy Age,  16 Nov 2009

Hartnett lays down secondment gauntlet to plcs and firms

HMRC chief to challenge private sector and firms to lift the lid on their processes by giving taxman's staff greater access to their systems while on secondments HMRC chief Dave Hartnett has laid down a challenge to corporates and advisers demanding ...

From DAVID JETUAH, Accountancy Age,  13 Nov 2009

CVA preferrential status idea for white knights dropped

Government insolvency chiefs have shelved plans to allow emergency funders to leapfrog other creditors when getting repaid. The idea of "super priority" status for lenders bankrolling Company Voluntary Arrangements was floated in a consultation earlier ...

From DAVID JETUAH, Accountancy Age,  12 Nov 2009

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