Alistair Darling has defended his decision to delay announcing concessions on
capital gains tax reforms, saying that he wanted to ‘make the right decision’.
‘I am very aware of the fact that people want to know where they stand…but I
want to be very sure that we make the right decision…because once it is made it
is made,’ the chancellor told the FT.
On the impact of the credit crunch on bank profits and tax receipts, Darling
said it was too early to tell whether tax revenues would miss the ‘conservative’
estimates made in the pre-Budget report.
Darling said spending would remain ‘tight’ but would not comment on whether
the Treasury would have to revise borrowing forecasts as a result of the
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
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