The new self assessment deadlines announced in the March Budget and due to
take effect in 2008 have been slammed by contractors as putting unprecedented
pressure on self-employed, micro companies and individuals with complex tax
Contractors claim proposals for online tax services were accepted by the
government without consultation with third parties, ContractorUK reported.
In 2008 paper self assessment tax returns must be filed by the end of
September and online forms by 30 November compared with the current deadline for
online and offline of 31 January.
Neil Hamper, national tax spokesman at the Federation of Small Businesses,
said the chancellor accepted recommendations without any consultation.
’This creates a shorter period in which to gather up information to complete
tax returns. For small firms who submit their own returns this will increase the
pressure on them.
‘For those that use accountants it will increase the cost of doing so as
their service provider will have to take on temporary staff to handle the
increased workload. Either way it will cause serious difficulties for small
firms and accountants,’ he added.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy