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.
HM Revenue & Customs (HMRC) is committed to combating pension liberation activity. To build on a number of recent changes to existing legislation and processes, HMRC has introduced new legislation relating to the fit and proper status of scheme administrators.
Most of China's listed companies have handed in their performance sheets for the first half of the year, offering insights into the country's industrial reform progress and economic growth outlook.
Soaring prices of properties such as The Palace Mansion in downtown Taipei City are one of the main reasons for Taiwan’s rising national wealth in 2012. (Photo: Huang Chung-hsin)
Taiwan workers can expect pay raises between 3.81% and 4.35% under Ministry of Labor proposal set for Cabinet review in the near future.
All employers, including those with existing workplace pensions, will have to take some action as a result of automatic enrolment.