When business owners subject to income tax move to a tax year basis of taxation, there may be a need to use estimated figures for businesses with accounting year end dates that differ from the tax year end. HMRC is currently consulting on potential easements that might remove the need for estimates or reduce the administrative burden involved in correcting them. ICAEW’s Tax Faculty is taking part in the consultation and would love to hear your views on the options being considered and any other ideas you may have.
During the webinar on 16 May, you will have a chance to ask questions and give feedback on the proposals. Richard Jones and Anita Monteith from the Tax Faculty will be joined by Tom Brown, a Senior Policy Adviser in HMRC’s Small Business and Trading Policy Team.
The webinar is open to all ICAEW members. Register here
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