GEORGE Osborne has said the government will increase the bank levy so that Britain’s banks will not benefit from a cut in corporation tax.
Corporation tax will be cut to 24% from 1 April, with a further cut to 22% by 2014.
Andrew Tyrie suggests there will not be enough time to implement Making Tax Digital (MTD) by April 2018
The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions
The tax HMRC expects is underpaid by large companies through “transfer pricing” has risen by 60%
The chancellor has “missed an opportunity” to restore business confidence and encourage UK investment, said Mazars