Speaking at the Confederation of British Industry conference, yesterday, Brown said the UK would work together with the Netherlands, Luxembourg and Ireland to put the reform at the ‘heart of our EU presidencies through to 2005’.
‘In the pre-Budget report we will do more to reduce regulations in Britain in the area of inspection, audit and enforcement regimes,’ said Brown.
The promise came with a similar vow to work with business to Britain’s tax regime ensure the UK is the ‘most competitive place for international business’.
‘On regulation, let us accept this is a problem raised in every industrial country – where there is a tension as you know between the flexibility you need and the standards the public request,’ said Brown.
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
Does Darwin's theory apply to taxation? Colin ponders...