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Global recession fails to halt tax reform

Tax reform has remained high on the agenda of many governments during the past year, despite the global recession, according to a report by PricewaterhouseCoopers and the World Bank. The Paying Taxes 2010 report showed that the number of economies ...

From PAUL GRANT, Accountancy Age,  20 Nov 2009

Related Topics: PricewaterhouseCoopers,  World Bank

PBR could see NI hike for rich

BDO predicts higher earners could face double whammy of higher income tax and national insurance contributions The pre-Budget report could see higher earners face a hike in their national insurance contributions on top of a rise in income tax, ...

From PAUL GRANT, VNUNet.com,  18 Nov 2009

Lloyds loses £54m tax battle

Lloyds Banking Group has lost the latest battle in its fight to avoid a £54m tax bill. HBOS Treasury Services, which was taken over by Lloyds, was found by a tax tribunal last month to have set up a scheme for the purpose of tax avoidance. Lloyds said ...

From PAUL GRANT, VNUNet.com,  17 Nov 2009

Related Topics: HBOS

SEC names new accounting deputy

The US Securities and Exchange Commission has named Paul Beswick as its new permanent deputy chief accountant, following the promotion of Jim Kroeker to chief accountant. Beswick’s responsibilities will include overseeing the accounting group within ...

From PAUL GRANT, VNUNet.com,  16 Nov 2009

Related Topics: Securities and Exchange Commission

GT administrators appointed at property group Kenmore

Joint administrators secure funding for 21 companies to continue trading while options are explored Joint administrators at Grant Thornton have been appointed to 21 companies at Edinburgh-based property group Kenmore, but the company will continue to ...

From PAUL GRANT, Accountancy Age,  13 Nov 2009

Related Topics: Grant Thornton International

Pre-Budget report scheduled for 9 December

The pre-Budget report will take place on Wednesday 9 December, chancellor Alistair Darling has announced. The statement will be the last pre-Budget report before a general election and should shed light on how the government aims to reduce spending and ...

From PAUL GRANT, Accountancy Age,  11 Nov 2009

Related Topics: Alistair Darling,  George Osborne

Charities call for Tobin tax to raise money for development

A group of charities have called for the introduction of a Tobin tax as a “bold, just and practical idea” for raising extra money for development and aid pledges. In a letter to the Financial Times, several senior members of charities including Oxfam, ...

From PAUL GRANT, VNUNet.com,  11 Nov 2009

Standard Life appoints interim CFO

Jackie Hunt steps up from deputy FD temporarily as hunt for David Nish’s successor begins Standard Life has announced that Jackie Hunt is to take over as interim chief financial officer following David Nish’s promotion to chief executive. Hunt, ...

From PAUL GRANT, Accountancy Age,  10 Nov 2009

Related Topics: Standard Life,  George Osborne

Drop IR35 and income shifting proposals in PBR, pleads contractor group

Chancellor Alistair Darling has been urged to drop the controversial IR35 tax rules in his pre-Budget report in order to help struggling contractors and freelancers through the recession. The Professional Contractors Group said that freelancers had ...

From PAUL GRANT, Accountancy Age,  9 Nov 2009

Related Topics: Alistair Darling

HMRC demands VAT up front from revived pre-pack businesses

Taxman accused of thwarting enterprise by issuing penalty fees for phoenix companies Entrepreneurs who use pre-pack administrations to revive collapsed companies could be thwarted by HMRC seeking up top £100,000 in VAT. The taxman has brought back into ...

From PAUL GRANT, Accountancy Age,  3 Nov 2009

Related Topics: National Health Service,  BBC,  George Osborne

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