A scheme designed to restrict red tape costs for business is to come into
effect from the next financial year.
The new plan has been announced to cap any increase in the cost of red tape
for business for three years.
to The Financial Times, the government will consult on a unique scheme to
set ‘regulatory budgets’ for each Whitehall department.
The three-year budgets would ensure that the government could introduce new
regulations only if it first axed ones that cost business at least an equivalent
amount. Measures to tackle climate change will be excluded from the plan.
The new controls are expected to come into effect from April 2009.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed