HMRC tax evasion raid of former KPMG partners was ‘publicity stunt’

A HMRC investigation into the suspected tax evasion of four former senior KPMG partners has been slammed as a “publicity stunt”, the High Court has heard. In November 2015 officials from the tax authority visited the Big Four firm’s Belfast city centre office and detained the men on suspicion of evading taxes. Unlawful warrants Eamonn […]

Hays recruits PwC as auditor

RECRUITMENT CONSULTANCY HAYS has appointed PwC as auditor following a tender process. PwC’s term as auditor will commence from the financial year beginning 1 July 2016. This appointment remains subject to approval by shareholders at the Annual General Meeting to be held on 9 November 2016. The post was worth around £0.9m to incumbent firm […]

Queen’s Speech: Millions of pension savings protected by new legislation

MILLIONS in pension cash will be protected by new laws announced in the latest Queen’s Speech, alongside legislation designed to crackdown on tax evasion and financial crime. A number of MPs this week expressed fears over how gaps in pension regulation have allowed “unstable master trusts” into the market, potentially putting the success of auto-enrolment at […]

KPMG receives complaints over Isle of Man controversy

KPMG’S Canadian arm is the subject of two complaints from one of the country’s largest financial worker’s unions, with the group claiming that the Big Four firm set up offshore tax structures in the Isle of Man to help wealthy Canadians avoid paying taxes. The Association of Canadian Financial Officers, which represents more than 4,500 government […]

Private GP firm slated by NHS watchdog enters administration

A PRIVATE out-of-hours GP firm previously rated unsafe for putting lives at risk has gone into administration. Chris Stirland and John Lowe, partners at FRP Advisory, have been appointed as joint administrators to Central Nottinghamshire Clinical Services Ltd after it ceased trading “following a termination of its services” with the Clinical Commissioning Groups of East Leicestershire […]

‘Gaps in pension regulation’ could disrupt auto enrolment success, MPs caution

GAPS in pension law and regulation have allowed “potentially unstable master trusts” onto the market, putting the success of auto enrolment at risk, a report by MPs has found. The work and pensions select committee has released a report labelling auto enrolment as so far being a “tremendous success”, but has warned of the potential […]

FRC aligns LLPs and micro-entities regimes with FRS 105 amendments

THE FRC has issued amendments to FRS 105 – Limited Liability Partnerships and Qualifying Partnerships. Following a change in legislation, which comes into force today, LLPs and qualifying partnerships can apply the micro-entities regime. FRS 105 is an accounting standard intended for financial statements of companies which qualify for the micro-entities regime. It is effective […]