In 2006, the then Labour government introduced “pension simplification”.
Simplification
A few minor tweaks have been made to simplify the optional cash accounting regime that will be available to small, unincorporated businesses from 1 April.
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Just before Christmas, HMRC released amended draft Finance Bill 2013 clauses setting out further details for the simplified income and expense regime, and transitional rules to restrict manipulatio
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Proposals to simplify financial and corporate reporting requirements could benefit five million of the smallest businesses, resulting in considerable cost savings in accounts preparation.
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The Office of Tax Simplification (OTS) is looking for experts to help it tackle the next phase of its project to stre
