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Tax increases loom as government debt grows

Extra government borrowing suggests tax increases ahead

Sports retailer admits to SFO probe

Troubled company now subject of five investigations

Snitch on your neighbours: HMRC

New online service allows informing on tax cheats

Big Four firms donate time and money to possible Tory win

Accounting firms will advise on new governbment set up if Tories win election
Hazel Blears

Novas Scarman Group: a curious charity case

Despite accusations of financial mismanagement, a charity for the homeless was picked form hundreds of applicants to receive a government grant
parliament

Confidence in Labour falls

New survey of management accountants shows support for the government as ‘extremely low’
canary wharf

Industry backs CVA plans despite risk of 'nightmare scenario'

A new consultation on changes to the insolvency regime gets support despite fears of a nightmare scenario in which management who aren’t particularly capable are able to borrow money and spend it all
whitehall

Central government: saving £15bn

Government departments are going to have to co-operate to cut costs and avoid making large numbers of redundancies
ifrs logo

Bank bailouts intensify IFRS headache

Bailouts will be accounted for as financial guarantees under IFRS, which will create difficult valuations of future cashflows from the fees

Icelandic bank to sue government over administration

Kaupthing lawyers to launch legal challenge against government's handling of the administration of bank's UK subisidiary.

Outrage at government stalling on Equitable compensation fund

UK government delays decision on compensation fund for more than a million Equitable Life policyholders until New Year

FPB: SMEs should benefit from VAT relief scheme

VAT relief scheme under-used by small businesses, says FPB

Backgrounder: what the papers say about UKFI

Papers start slowly on the formation of UKFI

Government creates company to manage banks' shareholdings

Sir Philip Hampton to be first chair of government company to watch over its shareholdings in banks

Treasury keeps mum over stamp duty break

The Government continues to keep quiet over its plans to reinvigorate the housing market despite rumors causing a major conveyancing log jam

Child benefit data loss a communication muddle, claims Poynter

A catalogue of 'unfortunate' events at HMRC triggered the loss of sensitive child record data according to PwC review

Liechtenstein freezes terror-link bank accounts

Liechtenstein authorities freeze bank accounts and companies linked to ETA following a request from the Spanish judiciary

Sarkozy orders audit of French ministers

Senior ministers to receive grades based on 30 indicators while juniors will be assessed in 15 areas

Court approves $3.2bn Tyco settlement

Investor lawyers also get approval for $464m in legal fees and $28.9m in expense reimbursement

North Ambulance Trust voted best finance team by peers

Finance team awarded for handling successful merger of four former NHS trusts, and now serving the UK's largest and most complex ambulance service

Livingstone launches the Green 500 index

Companies who fail to cut emissions could be 'named and shamed' and criticised for failing to meet targets

Super-rich to leave London following tax clampdown

Treasury is also set to close CGT loophole

Oil and gas companies get tax concessions

Government gives oil and gas companies better tax terms in exchange for keeping North Sea fields running longer

HMRC admits lost discs were part of 'systemic failure'

Dave Hartnett admits to MPs on Treasury Select Committee that there have been seven instances of lost data since merger of Inland Revenue and Customs & Excise

Non-doms surge after amnesty

Offshore crack down inspires dramatic hike in super-rich claiming tax status
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