Chancellor Gordon Brown’s Changeover Plan requires the Customs and Excise to ‘invest’ around £5m and the InlandRevenue £10m readying ‘large and complex’ IT systems.
The expenditure is budgeted to take place during will take place during 2000/2001.
No estimates have been made in the 60-page Treasury document of the amount banks and city financial institutions will spend onIT work ahead of a final decision to go in or stay out.
The Bank of England are expected to lean on firms showing reluctance to commit funds on any scale to what remains purely a possibility.
But some companies will choose to convert regardless of political assumptions within the UK in the expectation of revenues in Euros from business on the continent.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
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