A report from Future Economy Scotland has highlighted the need for potential tax reforms to address financial pressures facing the Scottish public finances. The analysis suggests that additional revenue of around £2.3bn per year may be required to maintain current spending levels. Proposed options include adjustments to income tax rates and restructuring less efficient taxes....
Sole traders and landlords are expected to face significant compliance costs as HMRC expands its Making Tax Digital (MTD) programme. Industry research estimates that total compliance expenses could reach around £2.18bn. From April, individuals earning more than £50,000 from self-employment or property income will be required to submit five tax-related reports each year. The income...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
