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Legal News

: International and UK Law

Blue chip companies set to clash with taxman

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Eight in ten of Britain?s biggest companies are set to clash with HM Revenue & Customs over new rules to hold finance directors personally liable for errors in the accounts, research suggests. Under new rules in the Finance Bill, due to be passed this summer, finance directors of Britain?s largest companies will face fines of up to Ł15,000 if they or one of their staff make a careless mistake when compiling their company accounts.

Full post as published by International and UK Law on May 20, 2009 (boomark / email).

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