Financial secretary Paul Boateng asked businessmen to read an up coming consultation paper on the Flat Rate Scheme which is intended to reduce tax and regulatory burdens.
Boateng said: ‘Small businesses keep telling us they want a simpler tax system. Customs & Excise have come up with proposals that could save businesses up to £1,000 a year because they simplify bookkeeping requirments for businesses with a taxable turnover of up to £100,000 a year.’
‘However Customs & Excise need small businesses to look at these proposals to ensure they are as practical and simple as possible. Please help them to help you by reading the consultation document andsending them your views by 7 September.’The deadline for submissions to Customs is 7 September. The consultation paper can be obtained by phoning the National Advice Centre on 0845 010 9000.
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