The reforms, which offer self assessment taxpayers, the Pay-As-You-Earn option instead, are intended to reduce the administrative burden on the Revenue and make life easier for taxpayers.
Each year one million fail to meet the self assessment deadline and incur a £100 fine as a result.
John Whiting, tax partner at PricewaterhouseCoopers, told the Financial Times: ‘At the end of the day, you would still be paying the same amount of tax, you’re just paying it a bit earlier.’
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