A European common tax base would see corporate tax revenues rise by up to
20%, according to a study to be published by the
Oxford University Centre for Business
The European Commission
is currently devising a common tax base, but the plans are thought to be opposed
by the Treasury, which has always resisted European interventions in tax
The report, which
Times says will be issued today, says Britain would actually gain
disproportionately from the proposals.
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?
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory