Commercial sports clubs must review their positions urgently before new legislation aimed at preventing VAT avoidance is introduced from 1 January 2000, Grant Thornton has warned. The changes are an attempt to catch clubs that have artificially changed their constitutions and accounting arrangements. But the firm said the rules could also catch non-profit making members’ clubs because the guidelines are too convoluted.
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
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia