In his pre-budget report, Brown said British growth had been expected to be between 2.25% and 2.75% based on public finance projections of 2.25%.
He said: ‘I can tell the house that our expected growth figure is exactly that, two and a quarter per cent.’
Next year’s growth target was forecasted at between 2% and 2.5%, while the rate for 2003 was predicted to fall between 2.75% and 3.25%.
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...