Comments on the draft legislation must now be submitted to the government by 24 February 2003, but accountants are already disillusioned by the government’s lack of action.
Chas Roy-Chowdhury, head of tax at the Association of Chartered Certified Accountants, described the Revenues approach as ‘blinkered’ and said he was disappointed the government has not engaged the profession on discussions over the controversial tiered stamp duty rise system.
Kevin Griffin, director of Ernst & Young’s stamp taxes group, said the Revenue had taken a ‘simple, if somewhat quirky, 300 year old tax and “modernised” it, producing over 60 pages of complex legislation.’
Griffin continued by saying that by the time the full legislation is implemented – due for late 2003 – tax payers may have only 30 days to get things right or face penalties.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up