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More than 100,000 small firms demand rethink on HMRC tax proposal

Posted by Landscape Juice on January 5, 2016 at 10:44am

More than 100,000 small business owners and self-employed workers have joined forces to fight a Government proposal that would force them to file tax returns four times a year instead of annually.

Last week, The Telegraph revealed that complying with the new rules would cost these companies and individuals between 20pc and 150pc more in accountants' fees, as well as heaping more red tape onto the nation’s most vulnerable firms.

An online petition created by small business owner Paul Johnson on the Government’s own portal on December 16 has been shared thousands of times on social media, and on Sunday, the petition passed 100,000 signatures, the point at which the Parliament is expected to debate the issue.

The Telegraph: More than 100,000 small firms demand rethink on HMRC tax proposal

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Making tax digital
Thought there might be some unaware of this. So briefly and I am not an accountant . As from 6th April 26 anyone who has income from self employment, rent from property etc or a combination that equates to a turnover of 50k or more (not profit) will…
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Making tax digital

Thought there might be some unaware of this. So briefly and I am not an accountant . As from 6th April 26 anyone who has income from self employment, rent from property etc or a combination that equates to a turnover of 50k or more (not profit) will…

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Started by Peter sellers
13 Replies · Reply by Honey Badger 8 hours ago
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