Monthly Archives: November 2015

KPMG Auditors Not to Blame for HBOS Failure

• A report into the failure of HBOS Bank has cleared the external auditors KPMG. The Bank of England Prudential Regulation Authority and the Financial Conduct Authority, FCA, produced their 407 page report this month, Nov/15. A number of reasons … Continue reading

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Car Tax Dodging Made Easier by Government Online ‘Savings’

• The government scrapping the old tried and tested paper tax disc for only an online version continues to cause problems. • The reason behind the switch was supposed cost savings of £10m. When the new version of vehicle excise … Continue reading

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Labour Mocking Tories by Citing Mao’s Little Red Book

• Responding to the government’s autumn statement, on tax and spending, the Labour shadow chancellor John McDonnell yesterday cited Chairman Mao’s Little Red Book regarding the Tory party courting Chinese investment. • ‘We must learn to do economic work from … Continue reading

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Treasury Autumn Statement Wednesday 25th November

  • The Chancellor of the Exchequer will deliver the government’s autumn statement to Parliament on Wednesday 25 November 2015. • The autumn statement sets the spending agenda, which in turn shapes the HMRC tax policy for the budget next … Continue reading

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HMRC and Seeking a Tax Clearance as an Insurance

• HMRC published on 17/Nov/15 an update to their “Seeking clearance or approval for a transaction”. While pre-transaction discussions with HMRC can be helpful no guarantee can really be offered one way or the other. • As HMRC say “[they] … Continue reading

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