VAT registrations are being delayed by the crackdown on VAT fraud.
HM Revenue & Customs has admitted that it is checking registrations more
rigorously in order to prevent the fraud, raising fears about the impact the
crackdown could have on business development.
Delays have lasted as long as 12 weeks, the FT reported. HMRC was
quoted as saying that ‘in the current climate of criminal attacks on the VAT
system, some extra checking is unavoidable’.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...