HMRC's plans for a quicker and simpler tax system for small businesses. By Nichola Ross Martin
In the run up to the 2006 pre-budget report, HM Revenue & Customs (HMRC) has published fuller details of its on-going plans to help small businesses settle and deal with their tax affairs more quickly and simply. It also give us an indication of some of the administration changes that we might find mooted in the next couple of Finance Bills.
In its latest publication, 'Delivering a new relationship with business', HMRC details its highly ambitious package of reforms together with a timetable which is designed to “transform” its relationship with business.