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Lowdown
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9am Lowdown: ICAEW on MTD, Rangers & Luxembourg

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25th Jul 2017
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Good morning and welcome to Tuesday’s 9am Lowdown.

In the news

ICAEW’s president Michael Izza on his first formal meeting with new financial secretary Mel Stride following the changes to the MTDfB roadmap: “I sensed a real willingness on behalf of HM Treasury to work in close partnership to ensure that we get MTD right once it returns. This would also allow ICAEW to make sure our members are well prepared for the changes ahead.”

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The Scottish Professional Football League is considering its position over Rangers' use of a controversial tax scheme but it is unlikely to impose fresh sanctions. (BBC News)

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Baldwins has taken over Cannock-based Rice & Co chartered accountants and business advisers. (Express and Star)

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Luxembourg government revenue figures have confirmed that the 2015 e-services EU VAT MOSS reform has cost the principality over 60% of its e-commerce revenues. (Avalara)

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Big retailers and construction companies may be fined for labour abuses committed by smaller firms further down the supply chain, David Metcalf, the government’s first labour enforcement tsar has suggested. (Financial Times)

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New on AccountingWEB

Get the most from your staff and maximise the profits of your practice with this new series from Philip Fisher.

In a blog post Steve Hill from the Open University says accountants need more than just excel skills to rise the ranks, with there being a greater need for people management and soft skills.

The industry is still reacting to the Making Tax Digital delay. Over on the Industry Update page MyFirmsApp and TaxCalc have both commented on the revised roadmap.

The Any Answers question of the day comes from PennyPincher who has reignited the age-old debate: what is all the fuss about the cloud?  

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