VINCE CABLE has added his voice to the growing criticism of the government’s plans to introduce a cap on charitable giving.
Cable said that while he saw the importance of preventing tax avoidance, a balance needed to be struck between clamping down and “encouraging” charitable donation.
He also said he was “sympathetic” with universities’ concerns that funding for research and scholarships could be hit.
A spokesman for the business secretary said that Cable – who also administers higher education – was discussing the potential impact with the universities.
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...