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LONDON: The UK National Crime Agency told the Westminster Magistrates’ Court that it froze assets of Sharif family members in the high profile...
NCA informed the court that “Pakistan Law Enforcement have confirmed they are willing and able to assist in future investigations”
Court disqualifies Lin Supeng, ex-ED of Anxin-China (ex-1149.HK) for 8 years There was massive overstatement of cash balances in the audited accounts for 2011 to 2013, during which the group reported massive profit margins. So why didn't auditors BDO Ltd detect this before finally noticing during the 2014 audit? The audits were signed for BDO in 2011 and 2012 by Peter Chow Tak Sing and in 2013 by Lam Pik Wah. The group provided false bank records to the auditor, but for material amounts, auditors should obtain confirmations directly from banks (see HKSA 505). Did they? Or were the bank staff ...
Court Reference: EDN/03/22, EDN/03/29, EDN/03/30 This was a combined appeal from three leisure operators - Edinburgh Leisure Ltd (ELL), South Lanarkshire Leisure Ltd (SLL) and Renfrewshire Leisure Ltd (RLL) – who were created as Not for Profit Leisure Trusts. They were formed in order to fulfil an obligation to operate sports centres which was incumbent upon their respective Local Authorities (LA). The sports centres had been previously operated by the LA, but were rented to the Trusts for a nominal rent. The Trusts operated the sports centres under a service level agreement and kept all th...
Court Reference: C-353/00 This was a referral from the UK to the ECJ on whether a payment formed part of the consideration under Art 11A(1)(a) of the Sixth VAT Directive (now Article 73 of the Principal VAT Directive (2006/112) which provides: ‘… the taxable amount shall include everything which constitutes consideration obtained from the customer or a third party, including subsidies directly linked to the price of supply’. Whether a payment by the Energy Action Grants Agency (responsible for implementing the Home Energy Efficiency Scheme) to Keeping Newcastle Warm (KNW) was liable to ...