Good morning and welcome to Tuesday's 9am Lowdown.
EY is replacing KPMG as BHP Billiton's auditor. According to the City A.M report, EY will take over from 1 July 2019, meaning rival KPMG will audit BHP's 2017, 2018 and 2019 sets of accounts.
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GOV.UK has release a report that lists litigation decisions where HMRC considered tax avoidance was involved.
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Private hospitals will get a £52m tax break on their business rates through their charitable status over the next five years while the bill for NHS hospitals rises. (The Times)
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A call centre worker from Swansea, who set up a company to sell men’s designer underwear as a front to steal more than £50,000 from taxpayers through a VAT fraud, has been jailed. (HMRC press release)
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New on AccountingWEB
Andrew Robins provides an update on the legislation to impose tax and NIC charges on the value of contractor loans and ETB loans which remain outstanding at April 2019.
Les Howard explains how a tiny charity defeated HMRC at the tax tribunal over the method it uses to calculate the amount of input VAT it could reclaim.
The Any Answers question of the day comes from Practice Partner who asks: Is KPMG's small business service gaining market share at the expense of local accountants?
Blogger Simon Sweetman is hanging up his quill. Here is his last missive.
And IRIS profiles Stewart Accounting Services, an IRIS Accountancy Suite user, on its Industry Update page.
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