Myths have grown up around the Making Tax Digital (MTD). While VAT is now at the forefront of the plans, it is expected that the MTD changes will eventually apply to all the main taxes so will impact all UK taxpayers. With so many misconceptions, we separ
Awareness of the inquiry was heightened by the publication in the UK’s Guardian newspaper, also last week, of comments on the matter by John Mann, a Labour party MP who is chairman of the Sub-Committee overseeing it.
The collective value of the properties comes to £773m. However, as only a fifth of properties within the data provide a sale price, the true figure could be as high as £3.5 billion.
Sabrina Scarna, a tax lawyer with Tetra Law, also believes that the lack of fines is logical at this stage.
For business owners, finding the best blend of salary, bonus and dividends could make all the difference to what profits you end up receiving.