30th May 2017 11:47 am
It has been brought to light that HMRC call centre staff have been giving out incorrect advice. This solidifies the claim by many tax professionals that the current tax and employment legislation is too complex. The latest evidence has come from public sector contractors operating through their own limited companies.…
8th May 2017 11:24 am
Accountants have been quick to react to Theresa May’s call for a snap General Election. This post covers five aspects of the economy that could be affected. 1. Making Tax Digital The progress towards MTD has already suffered a number of setbacks and tax professionals say the election will only…
27th April 2017 16:16 pm
‘Large companies’ will begin publishing a twice-yearly report about their payment practices to ensure that small and medium sized organisations and businesses (SMEs) are treated fairly and paid on time. The current definition of a large company is one with over 250 employees, £36 million annual turnover, and/or an £18…
Labour leader, Jeremy Corbyn, has joined the various debates about Making Tax Digital (MTD). He stated that he would scrap the quarterly reporting for businesses with a turnover of under £83,000. At a recent conference he said that this is because he considers it to be an unnecessary distraction for…
6th April 2017 15:40 pm
Making Tax Digital for Business (MTD) is a subject of concern for a number of organisations, from tax experts through to the House of Lords Select Committee on Economic Affairs. All agree that MTD is being rushed and its implementation should be delayed until 2020. A Lords Sub-Committee published a…
