The taxman is cracking down on companies that are behind with payments,
according to UHY Hacker Young.
In a survey of 2,700 petitions to wind up companies, Hacker Young found that
60% were issued by the taxman, up from 42% in 2001.
The move is a result of the loss of preferred creditor status for HM Revenue
& Customs, the firm said.
The Revenue told
FT that there had been no change in policy since the new rules came in.
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?
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
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory