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Archive | August, 2011

HMRC hopes to make tax evasion a thing of the past

Accountants in London will be interested to learn that the days of salting money away in Swiss banks accounts in order to evade UK tax are well and truly over.

Should devolved administrations set own corporation tax rate?

Accountants throughout the UK will no doubt be wondering what George Osborne will decide to do about Northern Ireland’s corporation tax.

Are all accountants business advisors as well?

A panel of leading accountants has said that accountancy firms need to rethink their hiring strategy of they want to thrive in the current economic climate. In particular, they should be looking for candidates with a wide range of skills and experience.

Are footballers making use of tax avoidance schemes?

Accountants may remember that the Sunday Times ran an article about Wayne Rooney and other footballers’ practicing tax avoidance earlier this year. Rooney claimed the article was inaccurate but the Press Complaints Commission has now rejected his claim.

RBS uses a high percentage of accounting contractors

Contractor accountants may be interested to learn that an accidentally sent email revealed that the Royal Bank of Scotland is using the services of more than 3,000 contractors.

Manufacturers should receive greater tax breaks says McColl

Accountants may be interested to learn that a leading businessman has said that the government should introduce greater tax breaks for companies operating in the manufacturing sector.

HMRC arrests five tax evading plumbers

Accountants may be interested to learn that five plumbers have been arrested as part of HMRC’s campaign to clampdown on tax evasion.

Contractor accountants are in demand north of the border

Accountants in Scotland may be interested to know that demand for staff north of the border increased strongly in July.

HMRC starts new clampdown on tax avoidance

Accountants will be aware that HMRC announced earlier this year that it plans to target private tutors as part of its clampdown on tax avoidance.

Contractors’ employment status called into question

A recent Supreme Court ruling could have an effect on the PAYE status of as many as one million UK workers, including contractor accountants.