Hello
What a busy week, although a relatively quiet week for SME tax news.
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Hello
What a busy week, although a relatively quiet week for SME tax news.
MPs debated the online petition "Scrap plans forcing self employed & small business to do 4 tax returns yearly" earlier this week and the Financial Secretary to the Treasury, David Gauke provided more detail of the government's plans for digital reporting.
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If you would like some lighter reading this week, look at HMRC's Top Ten Worst Excuses as used in unsuccessful appeals against late filing penalties last year.
HMRC has been forced to withdraw thousands of APNs in respect of a contractor Isle of Man tax avoidance scheme.
Each year in the run-up to the Self Assessment filing deadline, HMRC publish their annual 'Top 10 worst excuses for late tax returns'.
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The government's plans to force businesses to undertake quarterly reporting have received a blow this week. The success of an accountant's petition opposing the proposals has prompted a debate in parliament.
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