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.
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
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor