A report out this week said some 46% of self-assessment returns were
submitted online last year, significantly exceeding HM Revenue & Customs’
But the committee warned that 34% of filed returns were inaccurate, putting
£2.9bn to £3.7bn in revenue at risk.
The committee also voiced concern at a second delay moving taxpayer records
which could leave more than 16m taxpayers unaware that their tax records have
outstanding queries which could result in future demands
for tax or a refund.
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
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
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more