proposals on structured finance arrangements, introduced last week, conflict
with the government’s plan for the taxation of leasing, the Finance and Leasing
Association (FLA) has said.
In a letter to the FT, Martin Hall, director general of the FLA said
the plans ‘interact with the leasing proposals in so many possible ways that
only an exemption for leasing is safe, if contradictory provisions are to be
The government has been consulting on the leasing proposals for thee years,
he said, contrasting that with the relative rush and lack of discussion over the
tax avoidance proposals.
The plan announced last week is intended to prevent companies selling future
income streams in exchange for loans to create tax advantages.
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...