Businesses in the UK could be hit by supplementary business rates if local
councils are allowed to levy a supplementary local business tax of up to 10%.
The move is being proposed by the
Communities and Local Government
Committee, which has said local authorities should be allowed to charge
businesses in their areas a supplementary business rate.
This could see businesses faced with a combined extra tax bill of £1.5bn,
while British Retail Consortium
director-general Kevin Hawkins warned the proposal could cost high street stores
as much as £500m a year
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...