9am Lowdown: BNP Paribas loses avoidance case

9am Lowdown
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Good morning and welcome to Monday's 9am Lowdown

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French bank BNP Paribas has lost a case in the UK which has seen it pay back £35m in tax. A tribunal ruled in favour of HMRC, which said the bank tried to use a tax avoidance scheme involving share dividends. (BBC News)

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Anton Colella is leaving ICAS after more than 10 years at the helm, to become the global chief executive of Moore Stephens International.  (Herald Scotland)

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The UK tax office must improve its handling of website security problems, says an expert who spent 57 days trying to report a bug. The researcher outlined on Medium two separate flaws on HMRC’s online tax service. (BBC News)

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The French finance minister is driving an offensive to tax internet giants such as Google and Amazon based on revenues generated in EU countries. (Financial Times)

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New on AccountingWEB

The zombie Finance Bill has landed. Like the undead rising from the grave, 72 clauses and 18 schedules have been resurrected from the pre-election Finance Bill.

TAXtv hosts Giles Mooney and Tim Good take look at two questions from AccountingWEB’s Any Answers board.

The Any Answers question of the day comes from Samson30. The AccountingWEB member says HMRC has refused a “reasonable offer” from a client to pay CT 50% up front and rest in instalments. So the member asks, can HMRC debt management’s stance be challenged without the need for a HMCT application?

On the blog pages AccountingWEB regular FirstTab discusses life outside work such as caring for family members.  

Meanwhile on the Industry update page, IRIS has revealed that more than 1,000 UK accountants have registered to attend IRIS World.

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11th Sep 2017 09:57

The BNP Paribas story is from 21 June 2017 per link below and is an interesting case per my comments there (there is a good joke at the end BTW). Not sure why it has taken so long to report such an interesting case here. See:


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