European finance ministers pledged yesterday to work together to attempt to
defend their corporate tax revenues amidst a wave of litigation that has hit the
European Court of Justice, the FT reports.
Britain faces a bill of up to £20bn as a result of the challenges, with other
countries facing much larger liabilities.
The meeting of finance ministers to discuss the issue was designed to head
off the challenges from thousands of large multinationals, which alleged that EU
treaty provisions rendered individual countries’ tax rules illegal.
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...