There has been little change to the quality of HMRC service standards over the past year, according to the latest research by ICAEW. Half of members think that HMRC service standards have not improved over the past 12 months, while nearly a third believe that they have deteriorated. Similarly, over...
The House of Commons Treasury Select Committee has today published a report on Making Tax Digital (MTD), identifying a number of “serious shortcomings” with current plans. Chas Roy-Chowdhury, head of tax at ACCA says: HMRC are right to focus on digitisation, but more evidence is required The depth and breadth of the...
Commenting on the Treasury Select Committee’s report and recommendations on ‘Making Tax Digital’ (MTD),  Frank Haskew, Head of  ICAEW Tax Faculty, said:  The Treasury Select Committee has called the current MTD proposals ‘over-ambitious’. By keeping to the original schedule of introducing these changes in April 2018, the government are not...
Responding to the draft package of Anti-Tax Avoidance measures from the European Commission, Ian Young, ICAEW Technical Manager, International Tax, said: We need a global tax regime that is regarded as fair and fits the 21st century business environment. The G8, G20 and OECD have all worked hard towards achieving this,...
The long anticipated announcement came from the UAE Ministry of Finance about its plans to establish a corporate tax and VAT regime as part of its efforts to 'ensure the sustainability of the federal government’s financial resources.' (Ministry of Finance, 2014 annual report). The draft legislation has not yet...
Sage, supplier of integrated accounting, payroll and payment systems, announced the launch of Corporation Tax Online, providing accounting professionals and practices with a simple and efficient tax return package. Corporation Tax Online is an integrated and cost effective tool for accountants to prepare CT600 Tax Returns and to manage...
The manipulation of diesel emissions tests by Volkswagen could potentially impact UK cars and have a knock-on effect on the taxation of company car benefits, say London Chartered Accountants Blick Rothenberg LLP. The comment follows the admission by VW of manipulating diesel emissions tests in the US and Europe. Caroline Le...
According to ACCA, this was a political Budget focused on a range of populist measures, as was to be expected this close to the General Election. Chas Roy-Chowdhury, head of taxation at ACCA commented: As you'd expect so close to the General Election, this was a political Budget from a political...
Stamp duty changes  Frank Haskew, ICAEW Head of Tax Faculty, said: The abolishment of the slab system towards a progressive, income-tax style system is long overdue and good news. This headline measure, along with generally lower rates, should reduce the burden for the vast majority of house sales and could help...
Chas Roy Chowdhury, ACCA's head of taxation: This is an 'investing' Autumn Statement, with no tax cuts, and with money pouring into the NHS, roads, transport and new civic power. The Chancellor's spending plans give the false impression that the coffers are full ahead of the general election, but we...