More than 2,200 small businesses have asked the taxman for more time to pay
their tax bills.
The claims to relieve pressure on the businesses follows chancellor Alistair
Darling’s pledge in the pre-Budget report that HM Revenue & Customs would
look to ease terms in light of the economic crisis.
Some of the companies have been given several months to pay off their bills,
reported the Daily Telegraph.
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...