The Chairman of the House of Commons Treasury Committee has written an open letter to David Gauke, the Financial Secretary to the Treasury, raising concerns about the implementation costs for businesses of the Making Tax Digital proposals.
SME Tax News
HMRC has updated its yield statistics for the Liechtenstein Disclosure Facility (LDF). It seems that the number of disclosures has risen slightly as the facility winds down and the average disclosure level follows a very, very smooth straight line upwards.
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A really short tax web-update this week, due to the fact that we have been working extremely hard to provide you with summaries! I hope that you like it.
HMRC launched six consultations on 20 April 2016, and closed its 'top secret' one on 22 April. We summarise the issues for you.
HMRC has published a new consultation on potential reform options for the Gift Aid Small Donations Scheme (GASDS). It builds on the recent Call for Evidence which sought views on how the scheme is working and how it could be improved.
HMRC have issued their Agent Update for April 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
The Low Incomes Tax Reform Group (LITRG) is urging anyone who has not yet filed their online self-assessment tax return with HMRC for the year ended 5 April 2015, to do so by the end of this month or risk being charged more money.
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This time we feature our updated Tax-efficient extraction of company toolkit. There are numerous new offshore measures and Scottish Tax is diverging from the rest of the UK.