Summary
CHANCELLOR Gordon Brown's pre-Budget concession allowing accountancy and law firms to spread the cost of potentially critical one-off tax payments has met with an unexpected backlash.
Firms which complied early with new rules on income recognition have complained that they are being penalised for their fiscal prudence.See the full content of this document
Extract
Backlash Over Revenue Recognition
Professional bodies across the UK had jointly lobbied for some form of spreading of extra tax pay...
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