The cut in the corporate tax rate will boost company
earnings by as early as this summer, even though the new rate of 28% will only
be effective from April in 2008.
Bill Dodwell, head of tax policy of
, said when the Budget was enacted companies would be able to adjust their
deferred tax liabilities lower, which would release additional earnings to
The difference between taxable and accounting profits is the reason for the
According to the FT
deferred liabilities arise, for example, when the cost of
buying plant and equipment is recognised for tax purposes earlier than it is for
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...