Rumour reached me that Ernst & Young are making 15 VAT staff, including two partners, redundant. Word on the street is that clients do not want VAT avoidance schemes, hence a lack of work for these unfortunate people.
A call to EY didn't result in positive confirmation of all aspects of the rumour. They said:
Ernst & Young is currently in consultation with a very small number of people in our 1800 strong UK tax practice, who are at risk of redundancy following a strategic review earlier this year. Around 12 people, based in the Indirect Tax team, may be affected.
A tribute to the HMRC anti-avoidance strategy, perhaps?
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Lets hope a similar (or larger) number are made redundant in HMRC in this area.