Accountants hit out at tax plans
Published Date: 21 February 2009
SCOTLAND'S accountants yesterday called for the UK government to scrap plans to "simplify" the tax system.
The Institute of Chartered Accountants of Scotland (Icas) said the changes would place extra burden on firms.
Under Treasury proposals, small firms would base their accounts on tax rules rather than accounting principles, or could be taxed by reference to cash flows rather than profits.
ICAS said the measures did not simplify the system and, while helping HM Revenue & Customs, would make company accounts less informative for other users.
Menu
Accountants hit out at tax plans
Replies (1)
In
I request our senior ca members -to suggest icai and here for discussion what
And how the present system of tax may be made easier.
Recent Topic
- Clubbing of deceased's income
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
- Capital gains or losses when new equity was issued
- Looking for a FMCG foods business to acquire
- Sale of mutual fund in zerodha and AIS
- FORM 144 TDS RETURN FILING
Related Topics
CAclubindia
