When new legislation is suggested or introduced by the Government, there will nearly always be winners and losers, those for and those against. Whilst some may tag the anti-lobby as doom mongers, their opinion is normally based on significant past experience and a deep understanding of those likely to be affected. So, when the government […]
In his first Spring Statement, Chancellor Philip Hammond launched a consultation on a proposed review of the UK’s VAT scheme. The Chancellor had been tipped to announce wholesale changes to VAT thresholds last November as part of the budget, but because of representations from business organisations he swapped hard and fast plans for change in […]
The continued push towards more automated statutory reporting to HMRC will see the Government’s Making Tax Digital (MTD) initiative rolling out from 2019 onwards. The first phase of MTD requires companies to keep ‘digital’ records and, in particular, digital VAT records. This means that businesses who currently use manual books and spreadsheets will need to […]