HMRC Proposes Mandatory Direct Debit for VAT and PAYE — Businesses Could Be Fined for Paying the Wrong Way
A consultation open until 16 August could lead to penalties for businesses that pay their tax bills in full and on time — but via bank transfer instead of Direct Debit.
Business Owners Could Face Tax Bills Up to 47% Under Proposed HMRC Reforms
A new consultation could change how money taken out of private companies is taxed — and advisers warn changes could apply retroactively from the announcement date.
