News: July - September 2012
September 2012
● Poor reporting among FTSE 350, says PwC
● Millions of businesses to receive HMRC RTI letters
● HMRC to move data storage to the cloud
● HMRC invites small firms to sign up for email help
● EC refers UK to ECJ over cross-border loss relief
● IIRC extends integrated reporting pilot programme
● BBA agrees to be stripped of role in setting Libor
● UK taxpayers subsidise buy-to-let landlords £2bn a year
● HMRC targets doorstep sellers in latest amnesty
● Olympus chief admits guilt for accounting scandal
● SMEs trust accountants more than bank managers
● Improvements to Money Laundering Regulations (MLR) forms
● Hartnett in firing line at Oxford conference
● HMRC Factsheet - CC/FS20 VAT and old penalty rules
● Microsoft and HP hit back over tax dodge claims
● Prince appears to blow raspberry beret at French tax authorities
● Serious tax evasion cases fall by 23%
● ICAEW warns against risks over proposed FRC changes
● Portugal Telecom SGPS SA v Fazenda Pública, Ministério Público intervening Case C49611
● Changes to the VAT Refund Scheme for museums and galleries
● Corporation tax down as UK borrowing rockets 25% over target
● Online beer tax petition milestone toasted by industry
● RSM Tenon in talks to sell IVA unit
● ICAEW forecasts sluggish growth in 2013
● London office move hits Big Four partner profits
● Investors make 11th hour plea for audit reform
● FTSE 100 boards improve diversity figures
● Tax-dodging lawyers to be targeted by HMRC
● HMRC to target agents, consultants, representatives and distributors
● Tóth v Nemzeti Adó- és Vámhivatal Észak-magyarországi Regionális Adó Főigazgatósága (Case C-324/11)
● European Commission v Portugal (Case C-38/10)
● Views sought on Big Four audit domination investigation
● Auditing Developments - September 2012
● UK-US agreement strengthens UK ability to implement FATCA
● HMRC scores own goal in second leg of VAT battle
● IIRC’s Integrated Reporting draft to bloom in Spring 2013
● Ex-UBS trader's £1.4bn fraud trial starts
● BIS to legislate on narrative reporting
● Tory peer calls for abolition of CGT
● Statutory residence test progress ‘on track’, but more to do say CIOT
● HMRC investigation into £3m VAT fraud leads to four arrests
● Parliamentary Commission on Banking Standards to scrutinise draft Banking Reform Bill
● Investors call for more insight on ‘aggressive’ accounting
● Accounting Council opts for Exposure Draft on DB pension plans
● Tax limits reduce FTSE 250 pensions by 20%
● Guernsey’s zero-10 CT regime approved by EU
● ECJ considers whether DB schemes should pay VAT on management services
● Thorny TOMS issue to be thrashed out with HMRC
● HMRC £500 million in extra tax
● Ex-UBS banker nets $104m in whistle-blowing pay-out
● Consultation on VAT: exemption of higher education provided by for-profit providers
● FRC ‘broadly supports’ IFRIC interpretations on put options
● Barclays may slash its controversy-mired tax unit
● SI 2012/2298 - The Money Laundering (Amendment) Regulations 2012
● PAYE for employers: Special notice about electronic PAYE payment dates
● BIS reduces audit requirements for smaller businesses
● PwC slams politicians’ calls for tax on wealthy
● New tax measure to stimulate investment in North Sea
● Hargreaves Lansdown boss says just two FTSE100 co’s not dodging tax
● HMRC toolkits to help minimise common errors
● Reduction in inheritance tax rate
● Osborne contradicts Barclays over £500m tax clawback
● IRS streamlines OVDR programme for US taxpayers with foreign accounts
● Customs Information Paper (12) 42
● Chancellor extends north east enterprise zone
● HMRC Brief 27/2012 - VAT: Addressing borderline anomalies - guidance
● CIFs could raise £300m and create 1,500 new UK jobs, says BIA
● July/August 2012 IFRS for SMEs Update published
● FD’s urged to prepare for IAS19’s impact
● Qualifying Recognised Overseas Pension Schemes (QROPS)
● Deadline looms for higher rate SA taxpayers
August 2012
● Direction under reg 67CA of the Income Tax (Pay As You Earn) Regulations 2003
● Banking Sector PAYE and corporate tax receipts publication released )
● CBI drops growth forecast to reflect economic conditions
● VAT Information Sheet 08/12 - Change to the Spanish VAT rate from 1 September 2012
● Coalition split over Clegg bid for rich to pay more tax
● Film Industry Guidance Notes 2012 Edition
● HK regulator takes Ernst & Young to court for work papers
● Reduced rate inheritance tax - new manual guidance
● Campaign to end APD soars past 100,000 mark
● Treasury ponders introduction of tax-free 'mini-jobs'
● Complex pensions system leaves some women on £7 a week
● Corporation Tax: changes to the way some companies contact HMRC by phone
July 2012
● Corporation Tax on chargeable gains
● Barclays in tax avoidance row allegations
● How to implement your Company in Spain