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Treasury

Global Rules v UK Public Interest: New Companies Commission Needed

companies commission fearnley

It is now recognised in the UK that International Financial Reporting Standards (IFRS) mandated by the EU along with the voluntary adoption by the Financial Reporting Council (FRC) of International Auditing Standards (ISAs) in 2005 contributed significantly to the financial crisis by allowing banks to overstate profits and asset values.

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AdminMay 28, 2014May 30, 2014 Uncategorized Read more

How Illicit Tobacco Trading Hits Small Retail Sector, Challenges to Tax Policy

How Illicit Tobacco Trading Hits Small Retail Sector, Challenges to Tax Policy

The illicit trade in tobacco cost HM Treasury up to £2.9bn (1) in 2012/13, equivalent to £7.9m per day in lost revenue. Smuggling on this scale can be traced back to the early 1990s when the introduction of an above inflation

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AdminNovember 25, 2013May 29, 2014 Uncategorized Read more

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