How your pension could cost you £13,500 May 24, 2016 Those who haven't reviewed their pension contributions since a string of rule changes came into force earlier this year could find themselves facing a hefty tax bill, a London accountancy firm is warning today. Blick Rothenberg has cautioned that people who haven't altered the amount they are topping up their pension pot with since the annual allowance was lowered [...]
Expats told they cannot appeal to Supreme Court for right to vote in EU referendum May 24, 2016 Two British expats have today been blocked from appealing to the Supreme Court over their right to vote in the upcoming EU referendum, on the grounds that there is no basis in law for them to do so. In April, the High Court decided that expats who have lived outside of the UK for more than 15 years should not be allowed [...]
Fraud squad governance much improved since David Green’s appointment, finds report May 24, 2016 Governance at the Serious Fraud Office (SFO) has improved significantly since the appointment of David Green as director, a report out today has found. The HM Crown Prosecution Service Inspectorate report discovered that the fraud squad had achieved a fundamental shift in its leadership over the last four years. In particular, the report praises the agency for [...]
Libor latest: Accused ex-Barclays trader says he was just doing what he was trained to May 23, 2016 A former Barclays trader accused of Libor-rigging related offences told the court today that email requests by staff for certain rates were indicative of what they were trained to do. Jay Merchant, along with fellow former traders Stylianos Contogoulas, Alex Pabon and Ryan Reich and former Libor submitter Jonathan Mathew, is standing trial charged with conspiracy to defraud [...]
White-collar prosecutions edged up last year, the first increase in five years May 23, 2016 Prosecutors are cracking down on white-collar crime, with the number of prosecutions inching up for the first time in five years, research out today has found. The study by law firm Pinsent Masons discovered that there were 9,401 prosecutions for white collar crime last year, compared with 9,343 the year before. "Any increase in prosecutions [...]
Now it’s the advisers’ turn to be grilled by MPs over BHS collapse May 22, 2016 The topic of the BHS collapse will be heading back into parliament tomorrow, with a string of advisers from top law and accountancy firms due to be grilled by MPs. Ian Greenstreet, partner at Nabarro, Tony Clare, partner at Deloitte, David Clarke, partner at KPMG, Richard Cousins and Steve Denison, both partners at PwC, Emma King, partner at Eversheds and Owen [...]
The glass ceiling: women make up half the UK’s lawyers but only a quarter of partners in top firms May 17, 2016 Women make up around half of all lawyers in the UK, but only a quarter of partners in large law firms are female, indicating that the glass ceiling is still very much in place. A survey into diversity in the legal sector by the Solicitors Regulation Authority found that while 47 per cent of qualified [...]
Accenture’s launching an artificial intelligence practice with IPsoft’s Amelia May 16, 2016 No sooner than one global consulting giant has jumped on board with the latest technology trend, another follows suit. Accenture is launching an artificial intelligence practice just a week after PwC did the same with drones, in a bid for a share of the multi-billion dollar and fast growing industry. The Amelia practice, named after the AI software [...]
Payroll tax errors bag the taxman an extra £737m May 16, 2016 Payroll errors are costing companies, particularly smaller companies, a pretty penny, research released today has found. According to the study by accountancy firm UHY Hacker Young, HM Revenue & Customs (HMRC) has bagged itself an additional £737m through investigations into slip-ups on payroll compliance, and over half (£373m) of that amount comes from SMEs. UHY Hacker [...]
Libor probe dropped in Germany for ex-Deutsche Bank staff May 15, 2016 Frankfurt prosecutors late last week dropped a case into five former Deutsche Bank staff for alleged Libor manipulation. It is understood that it could not be established that any erroneous information submitted by staff could have influenced the rate, and that the law did not provide any basis for prosecution. "We investigated whether there was a violation of [...]