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Mind the (Tax) Gap – Why HMRC May Have SMEs in Its Sights - Rotherham Taylor Chartered Accountants
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Mind the (tax) gap – Why HMRC may have SMEs in its sights - M J Bushell
The tax gap, the difference between the amount of tax owed and collected, has long been a thorn in HM Revenue and Customs’ (HMRC’s) side. HMRC believe that last year, a total of £46.8 billion of tax was left uncollected, which equates to just over five per cent of the overall tax owed in the country. Once again, SMEs have been identified as the largest contributors to the tax gap and inevitably are once again in the sights of the tax authority. …
Mind the (tax) gap – Why HMRC may have SMEs in its sights
The tax gap, the difference between the amount of tax owed and collected, has long been a thorn in HM Revenue and Customs’ (HMRC’s) side. HMRC believe that last year, a total of £46.8 billion of tax was left uncollected, which equates to just over five per cent of the overall tax owed in the country. Once again, SMEs have been identified as the largest contributors to the tax gap and inevitably are once again in the sights of the tax authority. …
Mind the (tax) gap – Why HMRC may have SMEs in its sights - Rotherham Taylor Chartered Accountants
The tax gap, the difference between the amount of tax owed and collected, has long been a thorn in HM Revenue and Customs’ (HMRC’s) side. HMRC believe that last year, a total of £46.8 billion of tax was left uncollected, which equates to just over five per cent of the overall tax owed in the country. Once again, SMEs have been identified as the largest contributors to the tax gap and inevitably are once again in the sights of the tax authority. …
The Enterprise Women's Organisation (OFA) draws a warning signal regarding the new government proposed fiscal and budgetary measures, which states that they will affect disproportionately small and medium-sized enterprises (IMM), already vulnerable in an unstable economic context. "IMMs must not pay the price of budget imbalances. We need balanced policies, not gross adjustments that hit the weakest economic actors," Mirabela Miron, president of…
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