Senior Accounting Officer Sign Off - The Draft Guidance - Does It Square The Circle?

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Senior Accounting Officer Sign Off - The Draft Guidance - Does It Square The Circle?

From the day of the Budget announcement of a new

responsibility for Senior Accounting Officers (SAOs) to sign off on

the quality of systems underlying the production of tax returns,

there have been many points of debate between HM Treasury and HMRC

on the one hand and business and the accounting firms on the other.

Possibly the most sensitive has been the extent to which this

measure created a new (unnecessary) burden on business, leading to

additional cost.

From the very first round of discussions between the government

and business it has been clear that HMRC were trying hard to square

a circle – to implement the policy obje...

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