THE INTRODUCTION of a hike in tax on skips could see as many as four companies a day close their doors, businesses have warned.
The fears were put to a protest meeting at the House of Commons, held after it emerged that the rate to put some types of rubble in landfill sites would rise from £2.50 per tonne to £64 per tonne.
The proposals have provoked concerns over fly-tipping, with critics suggesting such a hefty rise would encourage the practice, reports The Independent.
Mark Bensted, managing director of the recycling firm Powerday, told MPs: “It’s irresponsible; it’s unfair; and the implication of the rise could be catastrophic for this industry and the construction industry as a whole.”
Demonstrations have already been staged in Parliament Square by skip hire companies, with further protests planned amid fears businesses will go bust or lay off workers.
An HM Revenue & Customs spokesman said: “We responded to concerns expressed by landfill operators that some companies were not paying the right rate of tax and in the process disadvantaging those who paid the correct rate.”
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...