Income tax will have to rise to cut the public deficit, reducing public
spending will not be enough, warn UK finance managers.
Marketing survey of 1,000 private company finance managers finds
around two-thirds flag up an income tax rise alongside central government
spending cuts should be priorities.
Only a quarter believed a VAT rise or mansion tax were worthy of attention.
In terms of spending cuts, they want the government to leave the police, NHS
and local government largely alone, and instead focus on cutting waste in
central government departments and Quangos.
“Experienced finance professionals, who have to make hard decisions week in,
week out, are telling the new boys on the block not to tinker around the edges,
but to get straight down to the hard tack,” said Paul Lindsell, managing
director of Lindsell Marketing.
"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
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said