Accounting News - October 2011

	HMRC criticised over tax amnesties HMRC has hit back at suggestions that tax amnesties, such as the deals reached recently with Switzerland and Luxembourg, could help criminals gain respectability. more
	Calls made for simpler SME financial reporting The Financial Reporting Council and the Department for Business, Innovation and Skills (BIS) have published a joint missive calling for annual accounts for the smallest businesses to be simplified in order to cut red-tape for micro-entities. more

Three-fold increase in tax scam emails

HM Revenue and Customs say the number of scam “phishing” emails has increased by more than 300% over the past year. more

New Agency Worker Regulation (AWR) comes into affect

Businesses have been urged to do more to protect customers’ data after hackers were able to access The Government has introduced new Agency Worker Regulation (AWR) changing the way businesses introduce new staff on a short term basis. more

Cable attacks banks over lending

The Business Secretary Vince Cable has once again attacked banks over a lack of lending to SMEs. more

2, 250 tax inspectors in super rich crackdown

A crack team of more 2,000 tax inspectors is to be set up by HM Revenue and Customs to target tax avoidance and evasion. more

Small businesses fail to check credit scores

A survey of nearly 700 small businesses has found that more than 71 per cent did not check their customers’ credit status. more

Banks to offer riot loans

A major bank is set to offer interest and fee-free loans to businesses hit by the summer riots. more

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