The ultimate penalty for non-compliance. KPMG llp to be struck of as Registered Statutory Auditors and "Cheating the Public Revenue" of £150+m? ICAEW to be struck-off as Recognised Supervisory Body?

The FT's article of 10 June really set the rabbit running and explains what KPMG have been upto.

Wholesale Tax Evasion in conspiracy with, and aided and abetted by, ICAEW and its most corrupt ever Chief Executive - Michael Izza (retired with a big cheque) and Head of Regulatory - Nigel Howell demoted to Forensic Accountant.

If you aren't a subscriber to the FT look at City AM

 https://www.cityam.com/hmrc-tax-rule-changes-put-professional-service-firms-into-limbo/

Extract of a complaint reporting Fraud to HMRC filed this morning:




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