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Good spot LB. I liked this bit: A multi-million pound government IT system to process EU subsidy payments for farmers in England has been largely abandoned after "performance problems". The system will be re-launched next week with farmers asked to submit Basic Payment Scheme claims on paper...

How can you be saving £30K in VAT payments? The very lowest Flat Rate Percentage is 4% of gross, so for you that would mean c. £7K of VAT paid. Even if all of your supplies were standard-rated the VAT content in £175K is only £29,167, so a gain of only £22,167. And 4% is for input-VAT...

Yes, the annual Tax Return was not popular but be careful what you wish for. The government and HMRC want Real Time Information that presently applies to all employees and pensioners to extend to the self-employed and directors so they can try and achieve the twin aims of getting the tax in...

As an accountant I've just called my professional body about Chancellor Osborne's abolition of Tax Returns announcement in yesterday's Budget. Their response: there was no consultation process about this - the government and HMRC just went ahead and did it, there is only a 9-page HMRC White...