Martin Mann and Mark Baycroft (Markel Tax) reflect on the growing compliance burden and whether valuable reliefs will continue to be available in their current form.
Uncertainty has been felt across many areas of life in the UK over the past 12 months and tax is just one of the many financial and economic areas affecting small and medium sized owner-managed businesses. Against this backdrop of wider economic uncertainty these businesses have been faced with changes to tax compliance affecting day to day operations changes to tax legislation affecting significant events in the lifecycle of a typical SME business and changes to the taxation of property where many owners of SMEs have invested their returns from their other business activities.
The day to day tax compliance burden
Changes to tax compliance that place an additional burden on SMEs include making...
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Martin Mann and Mark Baycroft (Markel Tax) reflect on the growing compliance burden and whether valuable reliefs will continue to be available in their current form.
Uncertainty has been felt across many areas of life in the UK over the past 12 months and tax is just one of the many financial and economic areas affecting small and medium sized owner-managed businesses. Against this backdrop of wider economic uncertainty these businesses have been faced with changes to tax compliance affecting day to day operations changes to tax legislation affecting significant events in the lifecycle of a typical SME business and changes to the taxation of property where many owners of SMEs have invested their returns from their other business activities.
The day to day tax compliance burden
Changes to tax compliance that place an additional burden on SMEs include making...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
