Chancellor Osborne opened a large can of worms with his ‘surprise’ announcement that the annual tax return would be phased out by 2020.
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
I thought I might look at something in the Budget, something simple that we can all understand.
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.
The Chancellor has pledged to end the squeeze on public spending a year earlier than planned and deliver a ‘truly national recovery’.
It’s the first Budget of the year and George Osborne is expected to scrap the annual paper tax return and further increase the personal income tax allowance.