9am Lowdown: EU corporate tax, Liverpool HMRC & Brexit

Lowdown
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Before we crack into today’s news, let’s take a moment to congratulate the firms shortlisted for the Practice Excellence awards. Well done to all nominees.

News round-up

Bootle ’s MP says he is furious that he was not briefed by HMRC ahead of their announcement that the town’s tax office was set to close. HMRC staff will move to a new “super call centre” in Liverpool city centre. (Liverpool Echo)

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Leaving the European Union without a deal in place would not spell disaster for the UK economy, according to a free market thinktank. The Institute of Economic Affairs says Britain should resort to World Trade Organisation rules for its relationship with Europe. (The Guardian)

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The Irish department of finance does not believe the latest EU corporate tax reforms will succeed, according to correspondence between the last minister for finance Michael Noonan and a US coalition of international software firms. (Irish times)

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Ipswich accountant David King, who quit his job in 2013 to follow his calling to become a priest, has celebrated his first year running his own practice. (Ipswich Star)

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New on AccountingWEB

After weeks of careful deliberation from our team of expert judges, AccountingWEB is delighted to reveal the 2017 Practice Excellence Awards shortlist.

The FRC has hit PwC with a record £5.1m fine and a severe reprimand after the Big Four firm admitted its failure to obtain sufficient audit evidence and show professional scepticism during its 2011 audit of RSM Tenon.

The Any Answers question of the day comes from JD Foster who asks: What are the implications of the anti-phoenixing laws on the winding up of a property company?

As we approach the 10th anniversary of the global financial crisis, Chris James considers in a blog post some of the lessons we can see across the economy and in particular, in tax and employment.

In its latest Industry Update Logical Office says the email epidemic is out of control. The symptoms include an inbox with several thousand emails that you’re too scared to delete. 

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Contributions from the AccountingWEB.co.uk editorial team.

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