CORPORATION TAX is to be cut by a further 1%, George Osborne told parliament during his Autumn Statement.
Osborne said corporation tax would be cut to 21% from April 2014, making it the lowest rate for any western economy.
Banks will not benefit from the cut, the chancellor said. In fact, the government will increase the annual levy on their balance sheets.
The chancellor also announced that business taxes will also be cut by extending small business rate relief to April 2014.
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion
Top 50+50: Demand for tax advisory services remains high, but fee pressure is expected in relation to compliance services
The demand for tax advisory services remains high and this looks to continue; but fee pressure is expected in relation to compliance services as the “Making Tax Digital” initiative is rolled out,
While some resistance to change is to be expected, the degree of controversy surrounding HMRC's Making Tax Digital proposals has surprised the government