Concerns that tax advisers would have to check clients’ corporation tax
returns when filed in a new data format have been allayed.
In a technical note on the CIoT’s website, the institute said that HM Revenue
& Customs would revise the direction of legislation for corporation tax
returns to be filed in the
The institute was concerned that the legislation put the onus on tax advisers
to check their clients’ returns were complete and correct – a particular problem
where the company was also an audit client.
Filing under the iXBRL format will see the separate pieces of tax data filed
“tagged”, allowing the information to be easier to search for and compare with
similar tax information.
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
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned