The government has announced that it will now debate the petition "Scrap plans forcing self employed & small business to do 4 tax returns yearly". A debate is required as over 100,000 people have signed.
The government has announced that it will now debate the petition "Scrap plans forcing self employed & small business to do 4 tax returns yearly". A debate is required as over 100,000 people have signed.
The government is to proceed with the introduction of fees in the Tax Chamber of the Tribunal Service despite the strong opposition to the proposals.
The government's plans to make all the self employed report to HMRC on a quarterly basis are proving to be deeply unpopular with taxpayers. A petition against the measure has attracted over 105,000 signatures in a matter of weeks.
The government has introduced new tax penalties, offences for tax evasion and new powers for data collection. All measures are included in the Finance Act 2016.
The Finance Secretary has delivered his budget statement to the Scottish Parliament this afternoon and announced that the Scottish Income Tax Rate will be set at 10% for 2016/17.
The effect of this is to ensure that Scottish Taxpayers will pay tax at the same rates as their counterparts in the rest of the UK, at 20%, 40% and 45%.
HMRC have issued their Agent Update for December 2015: we have summarised the key content for you.
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