Banks and credit card companies should be asked to apply VAT to consumer purchases made over the Internet if the government hopes to recoup tax on the purchases, the Institute of Directors said this week. Without such a move – or the use of shopping software – ‘there is a danger that governments will either increase VAT on non-electronic commerce or impose administrative burdens that will impede electronic commerce,’ the IoD said.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses