Mark Walport, a director of the
Wellcome Trust , the
UK’s largest charity, says that £400m worth of donations are being lost because
Responding to reports that the
Development Authority may have to stump up an extra £1bn because of
taxes, Walport said in a letter to the FT that the Wellcome Trust, the medical
research charity, found itself employing a team of tax advisers to predict VAT
costs it may incur.
Walport said that VAT refund schemes should be applied to all charities
supporting public-sector projects.
refund scheme already applies to local authorities…this does not extend to
the work of charities supporting major public-sector projects. Were it to be
extended to all charities, it would prevent more than £400m in annual charitable
expenditure being diverted from the purpose for which it was intended,’ Walport
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...