9am Lowdown: KPMG, PAYE changes & HMRC's new CDIO

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Good morning and welcome to the 9am Lowdown. Here is what's shaping the news. 

News round-up

KPMG is poised to be cleared over its handling of the accounts of HBOS, the mortgage lender which was brought to the brink of collapse during the 2008 financial crisis. (Sky News)

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PAYE charges on outstanding loans is the missing piece in HM Revenue & Custom’s disguised remuneration proposals, according to industry experts. (FT Adviser)

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Germany’s answer to James Bond has told his tax evasion trial he spent €2.5m (£2.2m) saving Pope Benedict XVI’s life from the mafia. (The Telegraph)

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The incoming chief digital information officer of HMRC is to recuse herself from making any decisions regarding Microsoft, as she is on sabbatical from the company under a two-year placement with the taxman. (The Register)

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AutoEntry has announced the opening of its Australian headquarters in Melbourne, Victoria. This launch will accommodate AutoEntry’s growth in Australia. 

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New on AccountingWEB

How accountants can become a platform and help small businesses beyond accounting. Bobby  Chadha explains.

Now that much of HMRC’s checking is carried out by computers, Neil Warren explains how advisers can reduce the risk of visits and enquiries by ensuring VAT returns are completed correctly.

On the blogs, the Imprudent Accountant takes notice of the fate of a company that seemed to be riding high only a few weeks ago.

Was someone actually listening or is the Making Tax Digital delay for another reason, asks Tony Margaritelli in an ICPA industry update post.

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19th Sep 2017 10:34

Thanks Richard. "Recuse" - another new word I've learnt today!

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