Views sought on speeding up SME tax payments
Have your say on paying tax sooner – for small and medium sized businesses.
HMRC is looking for member’s opinions on ‘Simpler Payments’. This is part of the Government’s Making Tax Digital agenda.
HMRC is keen to speak to members in practice and businesses about the proposals to speed up the payment of tax for small and medium sized businesses to bring payment and reporting more closely into ‘real-time’.
Discussion will centre around proposals for quarterly reporting of business results and more frequent payment of tax. ICAS sees some significant challenges ahead and will be engaging directly with HMRC to influence policy in this area.
The current opportunity is for HMRC facilitated discussions – expected to last around two hours.
There are a number of offered locations across the UK, including:
- Edinburgh – 11 February 2016
- Glasgow – 10 February 2016
- London – 5 and 19 February 2016
- Newcastle – 4 February 2016
If you would like to attend, you should email Makingtaxdigital.firstname.lastname@example.org stating your preferred location / date. Places are limited, but HMRC is planning further events in the spring.
The full list of venues is shown below: