Archive for July, 2010

20.07.10 HMRC issue new Anti money laundering guidance

July 21, 2010  |   HMRC News and Guidance   |     |   0 Comment

A new set of anti money laundering guides have been published on the HMRC internet site to replace Public Notice MLR8: Preventing money laundering and terrorist financing. The new guides are sector specific and provide detailed guidance in relation to the legislation, risks, record keeping and reporting requirements relevant ...

17.07.10 HMRC Publish Supervisory Visits Statistics

July 19, 2010  |   HMRC News and Guidance   |     |   0 Comment

In mid June HMRC a paper, which went to some length to describe the activity of the HMRC supervisory team and publish various statistics. HMRC now state that between the four sectors they have responsibility for supervision they now have over 18,000 registered firms, of which just over 14,000 are accountancy ...

16.07.10 HMRC Publish their paper ‘What are your fees used for?’

July 19, 2010  |   HMRC News and Guidance,Professional Bodies   |     |   0 Comment

In mid June HMRC published the above paper, which went to some length to describe the activity of the HMRC supervisory team and publish various statistics. This contains some very interesting statistics and some serious areas for concern, especially in the accountancy service providers sector. HMRC now state that between the ...

02.07.10 Chartered accountant faces eight years behind bars

July 02, 2010  |   General News & Cases   |     |   0 Comment

A London Chartered accountant faces eight years behind bars after being convicted of manipulating both his clients' and his own tax returns, pocketing £11m in income tax and VAT payments. Christos Charalambous (58) of Palmers Green, London, completed over 6,000 self assessment tax returns for clients which included fictitious expenses claims ...