In the House of Commons she repeated Treasury statements that ‘no proposal for the abolition of higher-rate tax reliefs has even been considered by Treasury Ministers, never mind agreed.’
But Kelly omitted to give the same assurance concerning reports that the tax-free status of lump sum payments on retirement is under threat.
Kelly insisted huge cuts in corporation tax have offset the £5bn a year cost to pension funds of advanced corporation tax relief and said what matters is the level of pension contributions.
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...