The chancellor has confirmed that he will stick to the plan to reduce the
deficit by half over the next four years. The deficit currently stands at
£178bn. The pre Budget report last year forecast that revenues of £498bn would
be raised in taxes in 2009. Government spending was forecast to be £676bn.
The economy has contracted by 6% during the recession.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed