9am Lowdown: Robot tax, Pimlico plumbers & ACCA

9am Lowdown
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Good morning and welcome to the 9am Lowdown

In the news

South Korea has introduced what is being called the world's first tax on robots amid fears that machines will replace human workers. (The Telegraph)

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A former accountant at Gottex fund management was sentenced to more than four years in a U.S. prison for engaging in a multi-year scheme to steal nearly $3.56m from the Swiss hedge fund firm. (Reuters)

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Large investors fear FTSE 100 companies are using clever accounting techniques to trigger high executive bonuses and mask poor financial performance. (Financial Times)

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On the tenth anniversary of the global financial crisis, ACCA warns that business cannot afford to be complacent about the importance of ethics.

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Pimlico Plumbers has been granted permission to appeal against the Court of Appeal decision that a plumber who signed an agreement with the company describing him as self-employed was in fact a worker. (Personnel Today)

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Surveyors have called for urgent reform of Scotland's new property tax saying it has placed the nation's housing market into the doldrums. (Herald Scotland)

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New on AccountingWEB

AccountingWEB has kicked off its 2017 fantasy football league. To join the league head to the fantasy premier league and add the code 2668344-624848. More details can be found in this Any Answers thread.

Following a disciplinary investigation, the Financial Reporting Council imposed a £35,625 fine and a ten-year ban on Philip James, the former finance director of technology distributor Computer 2000.

HMRC’s intention to make two-step verification mandatory for individual and business taxpayers from September has prompted further grumblings from accountants about the practicality of the digital security infrastructure.

Any Answers question of the day come from FirstTab who wants to know how the other AccountingWEB members have addressed any tax knowledge weaknesses since passing their tax exams.

Over on the blogs Philip Fisher reports about a “clever bit of tech” he discovered on his annual trip to Edinburgh.   

And finally, BrightPay discusses on its Industry Update page what you need to know about the future of AE

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10th Aug 2017 11:20

Suspect my accounting knowledge is far better than my fantasy football knowledge but am wondering what the financial guys at PSG are thinking when trying to do the double entry on Neymar's purchase....

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to rememberscarborough
29th Aug 2017 17:50

All the talk of execs pay, bet the accounts guys are galled by the pay gap between Neymar and themselves!

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