Keith: Strong Call for Dilution of Boards' Powers
Article Abstract:
The Keith Report calls for reform of the workings of the two revenue boards of the United Kingdom. The report has 158 recommendations; ninety-nine relate to direct taxation while fifty-nine concern value-added tax (VAT). Summaries of recommendations in the two areas are listed. Since this is the first report of indirect and direct taxation concerning enforcement, there is little hope for implementation. The main thrust of the recommendations would be to limit the discretionary powers of the revenue boards and more clearly define penalties, as well as see that they are enforced.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1984
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End this 5 April nonsense
Article Abstract:
Arguments are presented for and against moving the cut-off date for income taxes from Apr 5 to Mar 31. The Treasury wants to keep the Apr 5 date, not seeing any advantage in changing the date, and feeling that any changes would unnecessarily inconvenience Parliament. The opposition sees the Apr 5 date as a pointless nuisance for accountants.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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Friend or foe?
Article Abstract:
Guidance on the implementation of taper relief on tax payable on the sale of a company is presented. The operation and qualifying conditions of the scheme are explained and its implications for tax planning are analysed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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