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Accounting

littlewoods

Littlewoods VAT court win leaves HMRC with £1.2bn bill

31/03/2014(0)
LITTLEWOODS has won a VAT dispute with HM Revenue & Customs in the High Court, a ruling set to cost the taxman more than £1bn. The retailer contested HMRC ... Read More
tax

China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion On Mainland; Hong Kong Agreed To Share Tax Information Of US Expats Earlier This Week

31/03/2014(0)
China is to looking to formulate a law similar to one in the U.S., which now requires financial institutions worldwide to disclose information on American taxpayers to the U.S. ... Read More
uk banks

UK’s banks pay 71% of profits in tax

28/03/2014(0)
THE UK’S LARGEST BANKS paid an effective tax rate of 71.3% of their profits to HM Revenue & Customs in 2013, according to research conducted by KPMG. KPMG’s study ... Read More
Balfour-Beatty

Deloitte’s Balfour Beatty audit tenure to be tested

27/03/2014(0)
DELOITTE’S tenure as auditor of Balfour Beatty is under risk, as the FTSE 250 builder will begin a tender process next year. In the builder’s annual report, released today, ... Read More
HMRC1

HMRC debt recovery powers will need to be ‘bomb-proof’

26/03/2014(0)
IT WAS SOMETHING of a slow burner, but once people noticed HMRC may be granted the power to directly deduct tax owed from debtors, the concerns began to surface. ... Read More
irs_accounting

IRS Says Bitcoin Counts as Property for Tax Purposes

26/03/2014(0)
The Internal Revenue Service issued a notice saying that Bitcoin and other virtual currencies should be treated as property for federal tax purposes and the general rules for property ... Read More
rsa-building

RSA introduces 25% non-audit fee cap

26/03/2014(0)
THE AUDITORS of embattled insurer RSA will have a cap put on the amount of non-audit fees they can earn, limited to 25% of the total audit fee. KPMG, ... Read More
HMRC

HMRC new account raiding powers are “draconian”

24/03/2014(0)
NEW POWERS which will allow HMRC to raid bank accounts are “draconian” and could lead to an abuse of power suggest a tax reform group and ACCA. The March ... Read More
Co-operative Bank

Co-op Bank to raise £400m as losses widen

24/03/2014(0)
Co-operative Bank to launch £400m rights issue following discovery of costs related to past misconduct TROUBLED LENDER the Co-operative Bank was plunged deeper into crisis today after it revealed ... Read More
esignature

IRS clarifies: Electronic signatures permitted for Form 8879

24/03/2014(0)
Correcting an oversight, the IRS on Thursday updated the online version of Publication 1345, Handbook for Authorized IRS e-File Providers of Individual Income Tax Returns (rev. 3/20/14), to clarify ... Read More
Broker Cyprus TopFX