Customs in retreat over kitemark
Customs' resolution on tax software accreditation process looks to back down from initial plans.
Customs' resolution on tax software accreditation process looks to back down from initial plans.
Customs & Excise is heading towards a ‘sensible’ resolution following an embarrassing climbdown on its new tax software accreditation system.
Link: Digita’s tax software wins accreditation
According to industry sources, the VAT man is now unlikely to force through a completely new tax-software kitemark that was controversially launched at the Softworld Accounting Finance event two weeks ago.
The decision followed talks with UK accounting bodies and industry body BASDA, and should allay fears among UK businesses that they will have to stump up extra money to pay for more testing by software companies.
It is expected that a third-party auditor will undertake testing for both accreditation schemes at the same time reducing duplication of effort and red tape in the process.
The launch itself caused uproar, with the ICAEW unhappy that the kitemark would clash with its own tax software accreditation, while BASDA chief executive Dennis Keeling claimed it was a ‘white elephant’ that would impose extra costs with ‘no benefit for users or tax authorities’.
Another meeting between the parties is expected to take place next week. ‘There are more discussions to go on,’ said a BASDA spokeswoman. ‘It looks as if we are heading towards a sensible compromise.’
John Oates, head of information systems at Baker Tilly and deputy chair of the ICAEW IT faculty, said that nothing had yet been agreed but the situation was ‘progressing’.
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleUHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...
View articleIt is hard to argue that the Taxes Management Act 1970 (TMA), wouldn’t benefit from some substantial updating. It came into force back in the mists of...
View articleMorton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...
View articleThe Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...
View articleThe Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...
View articleThe revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...
View articleAlthough the concept of a £1,000 tax-free allowance sounds very simple, there are a number of complexities of which taxpayers and advisers need to be ...
View article