The taxman has hit back at claims it is reining its business tax deferral
support, revealing it agreed to defer £150m in payments over the Christmas
After some criticism from advisers that
Revenue & Customs was winding down its ‘time to pay’
arrangements, it hit back today with figures that show it has deferred £4.52bn
in tax payments since December 2008 – up to 10 January 2010.
HMRC had agreed £4.37bn by 20 December 2009, after the scheme begun a year
“A number of accountancy firms and financial advisers have suggested that
HMRC’s commitment to supporting businesses is being reduced. Nothing could be
further from the truth,” said an HMRC spokeswoman in a statement.
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