Both tax hikes will help the chancellor fill the £7bn hole in funding he faces. It will also please green lobbyists who have long been championing the changes to help increase recycling.
The announcements are expected to come in next months pre-Budget report, according to The Guardian.
Estimates as to possible revenue from the changes range from £300m to £1.2bn a year depending on how hard-line a stance Brown ultimately takes.
Tax experts have long been expecting the chancellor to introduce stealth tax rises to raise extra revenue while removing himself from controversial consumer and direct corporate tax hikes.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory