Brian Palmer comments on a report criticising HMRC’s service standards in 2015

“The National Audit Office’s ‘The quality of service for personal taxpayers’ report’ https://www.nao.org.uk/report/the-quality-of-service-for-personal-taxpay… criticises HMRC’s service standards during 2015. “While service standards at HMRC should never have been allowed to slip in the first place, AAT is reassured by the fact that swift action has been undertaken by the department to bolster and restore standards to […]

Mazars appoints Mather as restructuring partner

TOP TEN accountancy firm Mazars has appointed former Begbies Traynor employee, Neil Mather, as a partner in its 100-strong restructuring services team. Mather boasts a quarter century of restructuring and insolvency experience gleaned across various roles at Deloitte and Begbies Traynor, where he headed up services to the insurance, financial services and cross border markets. […]

FRC issues alternative performance measures guidance

THE FRC has issued a guidance document for listed businesses and their advisers concerned by the European Securities and Markets Authority’s (ESMA) guidelines on alternative performance measures. It has published a set of FAQs, tackling what APMs are, compliance monitoring and the delineation of responsibility between the FRC and FCA. The guidelines are to be […]

BIS launches insolvency consultation

BIS has launched a consultation on whether the UK’s insolvency regime needs updating following a flurry of recent corporate failures and “an increasing European focus on providing businesses with the tools to facilitate company rescue”. The consultation explores four broad areas for reform. Core to this is introducing a moratorium for distressed businesses to benefit […]

Sage launches refreshed iOS app for small businesses

ACCOUNTING software provider Sage has launched an updated release of Sage Live for iOS devices to help small and medium-sized businesses cut down on time-consuming processes. First launched in February, Sage Live has been refreshed to help customers eliminate time consuming email chains for a more social and action-oriented communication platform. Available to all iPhone, iPad and Apple […]

Belfast man becomes new President of AAT

Belfast man Mark McBride has been sworn in as the new President of the Association of Accounting Technicians (AAT). Mark is the 36h President of AAT and his term will run until May 2017. AAT is the qualifications and professional body for vocational accountants with over 135,000 members across the globe. It offers a non-graduate […]

Indonesia set to achieve full IFRS convergence

PLANS for Indonesia to achieve full IFRS convergence were rubber-stamped this week as the trustees of the IFRS Foundation, the Indonesia Financial Services Authority and the Institute of Indonesia Chartered Accountants announced their intention to deepen cooperation. The framework was agreed by all the three parties on the occasion of the IFRS Foundation Trustees’ meeting […]

BHS collapse blamed as clothing retailer enters administration

A clothing business that supplies BHS has entered administration and blamed its collapse on the high street store’s failure. Courtaulds, the Derbyshire-based company which manufactures Pretty Polly tights, went into administration with the loss of 350 jobs. Dilip Dattani and Patrick Ellward of RSM Restructuring Advisory have been appointed joint administrators of sister company CUK Clothing – which merged […]

Government should rethink “digitally distracted” HMRC, ATT urges

‘INADEQUATELY FUNDED’ HMRC should be the subject of a thorough government review, the president of the ATT has urged, just 24 hours after a damning report into HMRC exposed gaping holes in its customer service department. ATT president Michael Steed warned that an under-funded and under-staffed HMRC will continue to produce an “inefficient operating tax system” that […]