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 Topics :
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
Related Topics :
CAclubindia
