Debenham’s won’t be introducing the newly imposed 15% VAT rate until next
week when the store’s pre-Christmas sale is due to end.
Chancellor Alistair Darling announced the standard rate of VAT would drop
from 17.5% to 15% as part of the pre-Budget report last week, and it’s estimated
Debenham’s stance will cost customers £1m, according to
Marks & Spencer, Bhs, New Look, Topshop, Next and Miss Selfridge have all
formally announced they would be passing on the VAT reduction.
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...