9am Lowdown: Trade Bill, Barclays and Apple

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Good morning, everyone and welcome to today’s lowdown.

News roundup


A Trade Bill will be published in Parliament which will clarify the details of the trade policy after Brexit. The Trade Bill will help ensure the UK can access £1.3tn worth of government contracts around the world and will create a new institution to defend UK businesses. (BBC)


Ireland has called for a five-year transition period after the UK leaves the EU to avoid collateral damage from Brexit.  (Financial Times)


Barclays and Munich Re have been criticised for keeping ties with McKinsey and KPMG outside of South Africa after the firms became involved in a corruption scandal in the country. (Financial Times)


Apple reacted to the criticism of its tax affairs by moving two of its most important subsidiaries to Jersey, which allowed the company to keep paying ultra-low tax rate. (The Guardian)


New on AccountingWEB

On the site, Francois Badenhorst gives an overview of the Paradise Papers leak and what this means for HMRC.

Philip Fisher shares a list of practices practitioners should implement to boost employees' attitude towards work in the second part of his work-life balance series.

On the blogs, Amanda C Watts explains why focusing on the relationships first helps accounting firms get clients.

And over on the Industry Insights, Clear Books offers tips for making sure clients pay you on time without having to chase them down.

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