Robert Guarnieri and Ian Hobson, of Ernst & Young, consider the new certification requirement
Robert Guarnieri and Ian Hobson of Ernst & Young consider the new certification requirement
One of the most surprising elements of Budget 2009 for tax and finance professionals was the introduction (announced in Budget Note 62) of a requirement for a Senior Accounting Officer (SAO) to annually certify to the 'appropriateness' of the taxpayer company's 'tax accounting arrangements'. This requirement was further set out in Schedule 46 of Finance Bill 2009.
As set out in a previous article in the 1st June edition (Issue 983) of The Tax Journal this measure had not been raised discussed or heralded despite ongoing active and positive discussions with HMRC over effective engagement with taxpayers.
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Robert Guarnieri and Ian Hobson, of Ernst & Young, consider the new certification requirement
Robert Guarnieri and Ian Hobson of Ernst & Young consider the new certification requirement
One of the most surprising elements of Budget 2009 for tax and finance professionals was the introduction (announced in Budget Note 62) of a requirement for a Senior Accounting Officer (SAO) to annually certify to the 'appropriateness' of the taxpayer company's 'tax accounting arrangements'. This requirement was further set out in Schedule 46 of Finance Bill 2009.
As set out in a previous article in the 1st June edition (Issue 983) of The Tax Journal this measure had not been raised discussed or heralded despite ongoing active and positive discussions with HMRC over effective engagement with taxpayers.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
