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OTS calls for simplifying everyday tax for smaller businesses

A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'. The report considers the business lifecycle, especially those starting up and provides recommendations in five areas:

  • providing simple step-by-step guidance about the key things a business needs to do in its early days to help things run smoothly
  • improving the operation of the PAYE system
  • implementation of HMRC's Agents Strategy
  • improving the mechanics of the Corporation Tax return process
  • ensuring that tax changes are built on an understanding of business processes.

If you would like any help with your taxes at any stage of your business life cycle, please do get in touch.

Internet link: GOV.UK simplifying tax

VAT domestic reverse charge for building and construction services delayed

04 Oct 2019

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.

Independent review of the Loan Charge

04 Oct 2019

The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes.

Senior clinicians' pensions consultation

04 Oct 2019

The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions.