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.
The Exchange Fund’s foreign assets increased by HK$10.5 billion in June to HK$2.6706 trillion, the Hong Kong Monetary Authority announced today.
The Indian Government today announced a target to develop the skills of 50 crore people by 2022 under the National Policy on Skill Development (NPSD).
China has loosened currency controls to make it easier for domestic companies and individuals to set up special purpose vehicles (SPVs) overseas, according to revised rules published by the nation's foreign exchange regulator.
China is making it easier for listed companies to buy, sell or swap their assets, in order to streamline bureaucracy and encourage mergers and acquisitions, the China Securities Regulatory Commission (CSRC) has stated.
A deputy central bank governor has stated that China should allow more floundering firms to go bankrupt to help improve economic mechanisms, rather than allow them to get government-led bailouts.