Midlands businesses failing to rein in expenses

A leading Midlands expert in business risk has warned that companies are not doing enough to monitor employees’ expenses.

David George, associate partner and head of Deloitte’s information and technology risk services practice in the Midlands, said businesses in the region were overlooking one of the largest controllable costs in failing to rein in expenses.

“In tougher economic times cost control is more important than ever for employers,” he said. Continue reading

Rank Group ruling could cost the taxman £500m

Rank Group plc, which runs casinos and Mecca bingo halls, has won a High Court case which could cost the taxman up to £500m.

In a significant judgment today, the High Court said Rank was entitled to £62m in VAT it had overpaid on games of interval bingo and certain gaming machines. 

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