PUBLIC BORROWING FIGURES will be down will be down to £29bn by 2015/16, the chancellor has announced.
Last year’s figure was £146bn this year, George Osborne said. The Office for Budget Responsibility said the figure for this coming year will be £112m; £101m in 2012/13; £70bn in 2013/14; £46bn in 2014/15; and end up at £29bn by the final year of the Parliament.
Follow the Budget as it happens at accountancyage.com/tag/budget
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...