There's a fascinating little quote in an article by Chris Morgan, head of international corporate tax at KPMG UK in Accountancy Age this week. Whilst criticising the UK government for failing, as he sees it, to incorporate European Court of Justice decisions properly into UK law, he says:
In the long-run though, HMRC must yield to the spirit as well as the letter of ECJ judgements.
Never ever again argue that it's the letter of the law that matters KPMG, and that the spirit can't be determined. You've just given away the fact that a) you know the spirit of the law can be determined and b) it should be complied with.
We'll hold you to that.
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Brilliant – well spotted Richard!
“Accountant hoist by own petard”
Just shows that people involved in accountancy should not get involved in politics as, unlike lawyers, they’re unable to spot where their comments might lead them.
Someone should point this out to Patricia Hewitt, who used to work for Andersens and who is now a spectaculary inept Health Secretary.