VAT loopholes will be closed to simplify the tax system, the Chancellor has said in his budget.
However, George Osborne has said the UK will keep its broad exemptions such as children’s clothing remaining VAT free.
He said he wanted to close loopholes that sees some companies avoiding tax when their competitor’s are paying.
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...