ATT urges HMRC to soften proposed MTD sanctions

HMRC has proposed sanctions for late quarterly submissions and payments made through the Making Tax Digital (MTD) system, which the Association of Taxation Technicians (ATT) has asked them to consider making more lenient. HMRC held a consultation on proposals for sanctions under MTD, which will be rolled out beginning on…

MTD and the Election

Tax professionals are well versed in MTD (Making Tax Digital). It has been part of their everyday language and, indeed, their concerns for some time. As the General Election fast approaches, some accountants have questioned whether MTD has been mentioned in any of the manifestos, especially as the public seems…

HMRC giving wrong expenses advice

Many tax professionals consider that current tax and employment legislation is too complicated and it is not surprising that people are confused. The latest evidence has come from public sector contractors operating through their own limited companies. They have been mistakenly told by HMRC call centre staff that they are…

Snap General Election called – Accountants react

Accountants and business groups were quick to react to Theresa May’s decision to call a General Election and considered that five different aspects of the economy could be affected. Making Tax Digital The progress towards MTD has already suffered a number of setbacks and tax professionals pointed out that the…

Reporting on payment practices

In a move to ensure that small and medium sized organisations and businesses (SMEs) are treated fairly and paid on time, ‘large companies’ will have to publish a twice-yearly report about their payment practices. The current definition of a large company is one with over 250 employees, £36 million annual…

Page 1 of 41234
Share: