The taxman’s PAYE operations will receive a £100m boost from the government.
In an attempt to clear up a backlog of PAYE coding inaccuracies, today’s spending review saw the taxman a pledge to invest £100m into improving the operation of PAYE.
The investment came as part of HM Revenue & Customs’ settlement, which also included a £900m reallocation of resources to address the tax gap and tackle avoidance and evasion, which is aiming to bring in an extra £7bn a year in revenues.
HMRC will have to make 15% resource savings during the next four years, and achieve 25% efficiency savings through the use of new technology, rationalising its estate and maxmising savings from IT contracts.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...