Good morning, and welcome to Wednesday’s Lowdown.
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Jose Mourinho has been accused of tax fraud for his time in Spain while Real Madrid manager. Mourinho is alleged to owe tax authorities €3.3m. (Independent)
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Offshore companies in the British Virgin Islands have more than twice the funds that the IMF estimated in 2010, with assets of more than $1.5tn. (Financial Times)
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KPMG has appointed Pat Race as a new partner for its pension investment advisory team. (Professional Pensions)
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New HMRC phishing email.
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Accountancy firm Grant Thornton has been named UK’s top employer for social mobility in the workplace. (Evening News)
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On AccountingWEB
In the news: A tax tribunal case concerning late filing penalties has backed up with AccountingWEB members have been saying for some time: that company directors don’t have to submit tax returns.
On the blogs: Unacceptable audit standards.
Any Answers: Community member Claire Whiter asks how much do people charge for fees.
Industry updates: Micro employers are the most vulnerable group at risk of failing to comply with their auto enrolment duties.