Personal accountability for SAOs - what the draft legislation really means
Will you be prepared for imminent changes affecting senior accountants?

Chat date: Wednesday 15th July
Chat time: 10:00

New legislation shortly to receive Royal Assent will mean that Senior Account Officers (SAOs) of large companies - those with a turnover in excess of £200million or gross assets of £2billion or more - will be required to provide personal certification that their accounting systems are capable of delivering accurate tax reporting.

Failure to do so will result in the SAO being liable for a £10,000 fine for non-compliance, their company can also be charged £5,000 for failure to notify HMRC of the identity of its SAO.

According to HMRC estimates approximately 2,000 companies will be affected by the proposals drafted in response to the G20 Summit meetings, which are due to be made law later this month.

If you want to know how these changes will affect you, or if you would like to put forward your thoughts on the matter, then log on to this live and interactive WebTV show where we will be joined by Ed Dwan and Tony Spillett, tax partners at BDO Stoy Hayward.

Will the changes be just an added compliance burden on already overloaded executives or is it a vital step in reducing tax liability misreporting? Whatever your opinion - this is your forum to express it.

To join Ed and Tony live online click here on Wednesday 15th July at 10:00 to discuss the implications for senior accountants and large companies.