It's got to be a wind-up
A little piece of research reveals that HMRC is behind a big piece of work – apparently being responsible for being responsible for half of all winding-up petitions. The taxman, in short, is the grim reaper for business (read our story here).
It’s well known that the taxman is more than happy to act as the chill hand of death for business but the scale on which it seems to be happening places it on the weapon of mass destruction scale.
Observers have already remarked that, if this is HMRC in “soft-touch” mode (because of the recession), then who knows how the department will react when the economy turns around?
The fact is though, when the economy is healthy, the taxman receives more revenues, there are fewer tax debts and fewer companies need a helping hand into the next life.
The taxman has also been surprisingly good with its Business Payment Support service in allowing companies to postpone paying their bills.
This is the duality of HMRC’s position right now. Giver and taker of business life. A clear sign of the times.
More about:
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleLeveson enquiry unearths more than just phone hacking Read More...
View articleMuch to learn from the debacle over investment bank's tax Read More...
View articleInternational standard setter should Sharman's call on going concern Read More...
View articleSupreme Court will hear the case for accountants having legal privilege Read More...
View articleBaker Tilly has seen a surprising proportion of equity partners switch to salaried status Read More...
View articleSOCIAL MEDIA – love it or loathe it, our readers are talking and debating it. More importantly, they are wondering just how it fits into their b...
View article