Gordon Brown has caused some confusion among the tax fraternity with his Budget announcement that large foreign corporations with branches in the UK will in future pay corporation tax on profits from those branches at a rate in line with the German and US systems.
Speaking to Financial Director magazine, Mike Ridsdale, a tax solicitor from law firm Hammond Suddards Edge said that businesses will have to wait for the full picture.
‘It is difficult to say what Gordon Brown means because legislation is expected to be due in the finance bill, and even then it will be subject to Commons debate,’ he says.
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...