Lib Dem shadow chancellor Vincent Cable has quizzed the government on delays
to VAT repayments for small businesses, as the tax authorities were urged to
chase down tax advisers and other professionals involved in carousel frauds this
Cable asked parliamentary questions on the delays, which have made life
difficult for small companies caught up in the scams.
Paymaster General Dawn Primarolo said
HMRC would deploy 600 extra staff on the
work because it had ‘a duty to protect tax revenues’ and needed to verify claims
to ensure they were properly payable and were acting ‘on the basis of perceived
For more on carousel fraud, click here
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...