Businesses could be hit with yet another costly red tape exercise following
HMRC’s successful battle to demand 300 banks hand over details of customers with
Lawyers at UHY Hacker Young believe the taxman can now push ahead with plans
to force all companies to disclose customer payment details so it can find out
whether smaller companies are paying the right level of tax, the
In a recent consultation document, HMRC proposed businesses be required to
disclose information in a format the taxman wants and provide deleted data.
Such demands could overburden businesses, and add major costs at a time when
companies are already stretched, believes UHY tax partner Roy Maugham.
Following the claims, HMRC released the following statement:
‘These claims are inaccurate as no decisions have been announced. The Powers
Review has been designed to modernise HMRC’s information powers following the
creation of the department. We have consulted widely with all stakeholders and
we will publish our conclusions in due course.’
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states