The UK’s battle against carousel fraud took a positive
step forward when chancellor Gordon Brown announced that France had agreed to
drop its refusal to go along with new rules to combat the problem.
Brown said that France’s move left him confident that the introduction of
reverse charge rules would stop the VAT
fraud, which has cost the taxpayer an estimated £5bn in the last year.
Some European countries have voiced fears that the UK’s rules would see the
problem move to other jurisdictions. Germany and Austria have objected to the
reverse charge rules.
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?
Steve Butler of Punter Southall Aspire highlights the importance of pension governance meetings to protect against mistakes and safeguard company reputation
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