Happy Monday everyone, and welcome to today’s 9am Lowdown.
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In the news
Edward Troup, HMRC’s executive chair, has announced plans to retire at the end of the year, saying he was bowing out after the department’s best ever annual performance. (FT)
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Big Four firm PwC UK has reported record revenues of £3.6bn for the year ending 30 June 2017, up by 5% on a year earlier. (Insider)
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Accountants from Ernst & Young arrived on the 2017 Emmy Awards red carpet with winner envelopes locked away in briefcases. (Daily Mail)
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KPMG cleared out its South African leadership on Friday after damning findings of an internal investigation into work done for the Guptas, businessmen friends of President Jacob Zuma accused of improperly influencing government contracts. (Independent)
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Glaswegian Jonny Jacobs won the ICAS One Young Chartered Accountant last Thursday. (City AM)
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New on AccountingWEB
Rebecca Cave examines the eight new policy papers on tax changes to be included in the next Finance Bill which will become FA 2018.
Andy Keates takes a canter through the IHT business relief conditions and cheers the taxpayer who romped home against a determined HMRC challenge.
On the blogs, AccountingWEB regular FirstTab gets to grips with how to be more hands off from day-to-day work.
And on the industry updates page, the ICPA’s Tony Margaritelli tackles the great MTD climbdown.