Today’s statement has set the tone for this post-Brexit cash strapped government clamping down on tax leakages too large to ignore.
We noticed the usual claims of simplicity whilst at the same time introducing further complications in other areas.
For example, if you’re on the VAT Flat Rate Scheme I’ll be contacting you about new changes effective from this April 2017. The changes will mainly affect consultants.
The perceived abuse has encouraged the Government to introduce further complications to a scheme which started life making VAT simpler for the smallest businesses.
Please see our Blog for further commentary.