Labour and the Conservatives face off this week as Gordon Brown and David
Cameron unveil their initiatives to boost competitiveness in the economy, with
tax set to be a key battleground.
On Wednesday Brown will hold a meeting with leading City figures in which he
will pledge to protect economic competitiveness and sooth fears that higher
taxes could drive companies out of Britain, the FT
Brown is likely to respond to concerns raised by giant businesses, such as
HSBC, that the UK system is becoming less competitive.
Cameron will release a report from the Conservative’s Tax Review Commission
on Thursday. The report is expected to demonstrate how the UK tax system can be
simplified and modernised.
According to the FT the Commission, led by former Tory minister Lord
Forsyth, will recommend tax cuts totalling £20bn. Reducing corporation tax from
30% to 25% will be one of the Commission’s main proposals.
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...