HMRC has lost sight of needing to put taxpayers at the heart of changes to the tax system with estimated costs of £1.9bn for businesses to comply with Making Tax Digital (MTD), said the Public Accounts Committee
Accountancy firms need to consider whether they are offering the right levels of work flexibility in light of latest employment rules, explains John Edwards, chief executive of the Institute of Financial Accountants (IFA)
The government has abandoned 'confusing' plan to require the fifth stage of reporting known as the end of period statement under Making Tax Digital for income tax
The government is considering plans to consolidate small pension pots into a ‘pot for life’ and give individuals the option to designate a primary pension scheme for savings
Changes to cash basis reporting set out in the Autumn Statement will see the complete removal of the £150,000 turnover threshold limit for sole traders
The Chancellor has cut the rate of employee National Insurance by 2% to 10% to take effect in January, reducing total tax for basic rate taxpayers to 30%
The overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing
Insurance companies need to improve the quality of disclosures with clear, consistent explanations under IFRS 17 and must take into account the impact of tax on liabilities
Hutcheon Mearns is continuing its programme of strategic expansion across Scotland with the opening of an Edinburgh office to service central belt clients
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