Self-assesment tax returns came in £3.6bn lower than last year according to the Chancellor in his latest budget.
George Osborne said the study by HM Revenue & Customs revealed today showed that the shift to the higher rate of tax meant that £16bn was shifted from tax payments this year to the year before.
The study also revealed that the revenue raised from increasing the tax on the higher rate payers came in around one third of what was predicted.
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...