Accountancy

HMRC to change POAT rules

23 March 2007
An industry body has welcomed the decision by HM Revenue & Customs (HMRC) to accept late elections to pay inheritance tax rather than a pre-owned asset tax (POAT).

High Wycombe is among most money-savvy places

22 March 2007
North Hertfordshire, Chichester and High Wycombe have more accountants, financial advisors, banks, building societies and all-round financial nous than any other places in the UK, the Bucks Free Press reports.


Government to adopt IFRS accounting standard

22 March 2007
The government is to adopt IFRS international accounting standards from the beginning of next year, Accountancy Age reports.


Accountancy firms urged to implement TFC rules by deadline

20 March 2007
Accountancy practices that do not meet the requirements of the FSA's treating customers fairly (TCF) regime by the end of March could face enforcement action, Accountancy Age reports.


SMEs failing to maximise audit value

19 March 2007
A new study by KPMG has found that many small and medium-sized enterprises (SMEs) in the UK are failing to derive maximum benefit from their audits.

Auditors sign-offs could be threatened by new standard

16 March 2007
A top executive has warned that auditors could refuse to sign off company accounts if companies do not adhere closely to a new standard and provide a welter of legal documents, Accountancy Age reports.


ECJ rules on thin cap legislation

14 March 2007
The European Court of Justice (ECJ) has ruled that 'thin capitalisation' rules constitute a restriction on 'freedom of establishment'.


Baker Tilly merges with Edinburgh accountancy firm

14 March 2007
Accountancy firm Baker Tilly is consolidating its presence in Scotland by merging with Edinburgh-based Scott and Paterson.


Grant Thornton calls for simplification of corporate taxation

14 March 2007
Accountancy firm Grant Thornton has urged the chancellor to simplify the UK tax system in the upcoming Budget in order to boost corporate competitiveness.


Microsoft launches 'MySpace for financial pros'

13 March 2007
Microsoft has announced the creation of an internet community site for finance professionals.


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