Consultations: 12 months on

Last year’s lightweight Spring Statement focused on a raft of consultations on tax policy.  One year on, we take stock of how some of those consultations progressed, and reflect more generally on the role of consultations in fiscal policy decisions. Why consult?...

Business updates

While the Spring Statement speech itself was short on anything you might justifiably call a substantial announcement, there was some information of substance for businesses to be aware of squirreled away in supporting documentation. Tax avoidance, evasion and...

50% of SMEs not ready for Making Tax Digital

Half of small businesses are still not ready to comply with Making Tax Digital (MTD) for VAT, with just three weeks to go before it comes into effect on 1 April 2019. The Federation of Small Businesses (FSB) surveyed 746 VAT-registered small businesses and found that...

Government urged to act quickly on late payments

The Government is not acting quickly enough to prevent poor payment practices that harm small businesses, a House of Commons committee has said. A report published in December 2018 by the Business, Energy and Industrial Strategy (BEIS) Committee recommended new...

Thousands face huge tax avoidance bills

Contractors whose employers paid them through loans from offshore trusts are being urged to speak to us before 5 April 2019 or risk receiving massive tax bills. Up to 50,000 self-employed workers in the UK are believed to have benefitted from the lower income tax...