9am Lowdown: Budget, European commission and FRC

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Good morning, and welcome to Monday’s Lowdown.

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Philip Hammond has ruled out a summer Budget and has confirmed that the next regular Budget in November will set out the Government's fiscal plans. (Independent)

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Prosecutors have accused the Real Madrid footballer Cristiano Ronaldo of defrauding the Spanish tax office of 14.7m euros. Ronaldo has denied the allegations. (BBC)

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According to draft legislation, the European commission could force intermediaries to disclose cross-border tax schemes to crack down on offshore tax avoidance. (The Guardian)

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BDO has announced that Keith Farlinger, former CEO of BDO Canada, will succeed Martin van Roekel as global CEO of the company. (BDO)

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The directors of an umbrella company have been jailed for a £45m PAYE fraud. (Contractor UK)

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The latest error and fraud statistics for tax credits that the HMRC has published shows a rise of errors in the system. (TaxationWeb)

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According to the latest reviews by the Financial Reporting Council (FRC) the quality of FTSE 350 audits is improving. (FRC)

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On AccountingWEB

In the news: Giles Mooney and Tim Good have answered questions about P11D and PSA from the AccountingWEB Any Answers board.

On the blogs: Les Howard on the possible reverse charge for the construction sector.

Any Answers: Community member Posthouse asks for advice on the disclosure responsibilities of accountants.

Industry updates: Avoid paying HMRC by cheque.

About Valme Claro

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