Budget

Chancellor Osborne opened a large can of worms with his ‘surprise’ announcement that the annual tax return would be phased out by 2020. 

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AccountingWEB members have been very vocal in sharing their thoughts, worries and concerns about the impending abolition of the annual tax return, as announced in the Budget 2015 speech yesterd

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I thought I might look at something in the Budget, something simple that we can all understand.

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In addition to other familiar pre-election crowd pleasers, Chancellor Osborne 

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Legislation on the diverted profits tax, often referred to as the Google Tax, has been revised and will be published next week to take effect from 1 April.

We weren’t expecting any big announcements on VAT this month, and there weren’t any in the Chancellor’s speech today.

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The Chancellor has pledged to end the squeeze on public spending a year earlier than planned and deliver a ‘truly national recovery’.

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