Now that Making Tax Digital (MTD) for VAT is in effect, it’s easier to reflect on HMRC’s digitalisation initiative with clarity.
Where before certain parts of the legislation initially appeared unclear, today we’re able to identify the exact responsibilities of both clients and accountants. Whether that’s knowing how to move your accounts online or selecting bridging software to ensure compliance, all parties now have the resources to stay on the right side of the taxman come tax return deadlines.
China's economic growth is showing more recovery signs in the second quarter after a bumpy start in the beginning of the year, but renewed setbacks may come from the ongoing property downturn, according to economists.
China and Brazil sealed their expanding commercial partnership on 17 July 2014 with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer.
Chinese President, Xi Jinping, has said that China will work with Latin American and Caribbean countries to boost their two-way trade to $500 billion in ten years.
HM Revenue & Customs (HMRC) has published two draft statutory instruments for external technical consultation together with a commentary on the regulations Tax-Free Childcare: Draft Childcare Payments (Eligibility) Regulations and draft Childcare Payments Regulations 2015.
HM Revenue and Customs’ High Net Worth Unit – a specialist division which deals with the tax affairs of the UK’s wealthiest individuals – has brought in £1 billion in compliance yield.