Senior Treasury and HMRC officials have told the Public Accounts Committee that the digital services tax has been a success, which raised more than forecast, and that this was partly down to having a very small group of taxpayers who could be dealt with on a ‘one to one’ basis. However, they assured the MPs that it is still on track to be replaced by OECD-led reforms by 2025.
Source: tax.org.uk
Latest Posts in "United Kingdom"
- UK VAT Threshold Debate: Growth-Boosting Increase or Revenue-Raising Decrease at Autumn Budget?
- Chancellor Proposes Raising VAT Registration Threshold to £100,000 to Boost UK Economy
- ICS2 Implementation for Northern Ireland: Transition Details and Support for Carriers by HMRC
- FTT Rules Ferrero’s Nutella Biscuits Not Partly Chocolate-Covered, Zero-Rated for VAT
- HMRC Wins Upper Tribunal Case Against Mini Umbrella Company Fraud, Tightens Compliance Rules
