Glazers is a well-established and progressive firm of accountants based in North West London.
The Government’s hotly-contested Making Tax Digital (MTD) project is now facing fresh criticism over its proposed £10,000 a year exemption threshold, above which businesses and self-employed individuals will need to report to HM Revenue & Customs (HMRC) on a quarterly basis.
Almost three quarters (73 per cent) of small and medium-sized enterprises (SMEs) at the larger end of the scale are anticipating business growth over the next two years, while only 45 per cent of microbusinesses are eyeing up similar ambitions.
Approximately 400,000 landlords and sole traders will be asked to ‘trial’ Making Tax Digital (MTD) before October 2017, according to reports.
Around 55 per cent of businesses consider security to be the “number one challenge” when it comes to implementing digital technology, a new study has revealed.
Reports suggest that a “technology failure” left hundreds of thousands of self-assessment taxpayers “uncertain whether tax payments had cleared” on 30 January – the day before the deadline for online tax returns.
A think tank has warned of the possibility that the economy may slow down over the next two years in the face of trading uncertainty.
The Government’s long-awaited responses to six consultations about Making Tax Digital (MTD) which were originally opened in August 2016 have now been published. Despite ongoing criticisms regarding the proposed short MTD timescale, HM Revenue & Customs (HMRC) has now confirmed that the project will not be delayed. This means that mandatory quarterly digital reporting will…
The amount of cash collected by HM Revenue & Customs (HMRC) from its investigations into large businesses and corporations has fallen by £3.5billion year-on-year, according to a new report.
Self-employed people earn more money, work less, and are happier, according to new research published this week.
A list of some of the silliest expense claims featured in recent self-assessment tax returns has been published by HM Revenue & Customs (HMRC).