New Zealand cattle, sheep and deer release 37 million tonnes of methane gas a year, which has prompted the authorities to introduce the levy, nicknamed the ‘back-door tax’, the Guardian reported.
The new tax will cost the average farmer £110 a year, and has prompted angry responses from the country’s farmers. ‘The imposition of this unnecessary levy is just another cost we shouldn’t have to bear,’ said Tom Lambie, the president of federated farmers.
Gas from New Zealand’s 30 million sheep, 10 million cattle and 2 million deer accounts for 60% of greenhouse gas emissions.
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...