13th July 2017 12:36 pm
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…
9th June 2017 11:31 am
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…
30th May 2017 11:47 am
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…
8th May 2017 11:24 am
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…
27th April 2017 16:16 pm
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…
