9am Lowdown: Gold bullion, evasion & fraud

9am Lowdown
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Good morning and welcome to Tuesday's 9am Lowdown. Let's see what's making the news today.

What’s in the news

Companies will no longer be able to pay employees their salaries in gold bullion in the first use of a new law designed to combat “morally repugnant” tax avoidance schemes. (The Guardian)

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Dawn raids on suspected tax evaders have increased by one-third to 669 over the five years to March, as HMRC stepped up its pursuit of white-collar fraudsters. (Financial Times)

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Jane Moore, an accountant from Skegness, has sold her home to raise funds and pay back victims affected by her £292,000 fraud. (Skegness Standard)

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The Valuation Office Agency is facing a backlash following the launch of its new system for appealing business rates decisions, with nine out of ten users dissatisfied with the service. (The Caterer)

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New on AccountingWEB

Bobby Chadha identifies and solves a number of common practice management inefficiencies when observing a small Paddington firm.

The Any Answers question of the day comes from Mark Lee who asks; do you bill separately, ignore or reference on P11ds your fees for personal tax work?

Over on the blogs Les Howard reports a first tier tribunal where the behaviour of HMRC officers was strongly criticised.  

Silverfin discusses on its Industry update page the impact of the automation of tax filing on accountants' fees.

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