9am Lowdown: GoCardless, Growth Support Service & Bank feeds

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Good morning everyone! Here is what's happening in the world of accounting. 

News round-up

Accel, Balderton Capital, Notion, and Passion are backing GoCardless, this time to the tune of $22.5m and on the back of what the startup says is record annual growth in the UK. (TechCrunch)

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The Treasury is mulling a crackdown on Enterprise Investment Schemes, likely to be announced in the next Budget on November 22.  (Telegraph)

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Derby City Council is to spend another £300,000 to bring in external auditors for the next three years after past accounting mistakes cost them around £1 million to rectify. (Derby Telegraph)

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HMRC tax experts will offer dedicated support to mid-sized businesses as part of a new initiative launched by the tax authority called the Growth Support Service. (Gov.uk)

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Sage has announced that Lloyds Bank is the latest in a line of banks to go live with Sage’s Bank Feeds service. (Bobsguide)

New on AccountingWEB

Matt Bailey looks at what we’ve learned from the new MTD-VAT proposals.

Molson Coors, who brew the lager Carling, defeated HMRC in a case where the tax authority claimed the brewer had underpaid its taxes.

Over on the ICPA’s industry update page, Richard Simms explains how the latest MLR legislation will affect you and your business.

The Any Answers question of the day comes from murphy1 whose client hasn’t returned their calls since the sale of their business collapsed. Should the AccountingWEB member be concerned or simply disengage if he doesn't get back to us?

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