The Treasury could be facing ‘horrifying’ bills as a result of a VAT ruling
that could allow businesses to claim VAT as far back as 1973.
The Court of Appeal ruled last month that a three-year time limit on claims,
established during the 1990s, was incompatible with EU law.
Experts at Ernst & Young were reported in The Financial Time today saying
that the case could have a ‘horrifying’ impact on Treasury receipts: ‘One of the
biggest issues in VAT is coming to a head,’ Robert Crooks, UK head of indirect
tax at E&Y, said.
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...