If HMRC could accelerate tax refunds by an average of two weeks, that would put an extra £1 billion into the UK economy. It would also help the government regain the high moral ground over businesses which cause hardship to their suppliers through slow payments.
At school Sarah gravitated towards the numerical / scientific subjects but also loved learning about businesses. Corporate finance brought those two interests together and added excitement in to the mix. Every day is different and she loves that.
Minor technical clauses buried away at the back of Finance Bill tend not to create much excitement – even among tax nerds. But suddenly one clause in the current Finance Bill, which is due to be debated tomorrow, has the potential to create real problems for the government on Brexit; but why is this?
Many of us will be frantically filling in our self-assessment tax returns before the end of January – including, perhaps, one bearded gentleman in the North Pole…
This week the Government presented its Good Work Plan as the next step towards implementing many of the recommendations from the Taylor Review of Modern Working Practices published last year. While there are some very sensible proposals, there is also one glaring omission.
If you let out a property are you running a business or managing an investment? This matters for one very important reason: tax.
HMRC may have a Scrooge-like reputation but that isn't always well-deserved. When it comes to seasonal charity gifts, HMRC's gift aid scheme can boost the value of the gift to the charity by 25 per cent, with added benefits for donors who pay tax at 40 per cent or more.
Although unlikely to feature in this week's Scottish Budget, the publication of a new report from the Scottish Land Commission has added to the growing clamour for a new land value tax. Could this be an eventual replacement for business rates?