The Institute for Fiscal Studies has
recommended a wholesale reform of VAT to solve carousel fraud.
The body said yesterday that as long as refunds on exports existed, the
opportunity for fraud would exist.
Professor Stephen Smith recommended a single VAT rate for the supply chain as
a whole across the EU, with member states able to set the rate to consumers.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals