The British Property Federation has expressed serious reservations about
plans by government to introduce a tax on land which has appreciated in value
The criticism came after deputy prime minister John Prescott said ministers
were considering a new land tax called ‘planning gain supplement’, which would
be levied on newly-developed land. The tax would be used to fund new schools and
The Times reports that tax was initially set to apply to residential
property but could also apply to commercial development.
Liz Peace, BPF chief executive, told the paper that she was ‘deeply alarmed’
by the idea as it would threaten regeneration.
The BPF said the a planning gain supplement would be difficult to collect,
unlikely to raise significant sums for infrastructure and deter development.
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...