ACCA Calls on HMRC to Reconsider New Reporting Requirements for Small Businesses
The Association of Chartered Certified Accountants (ACCA) has urged the UK's HM Revenue & Customs (HMRC) and HM Treasury (HMT) to revise new reporting requirements aimed at reducing small company tax gaps. ACCA argues that these measures will increase administrative burdens on compliant businesses without effectively targeting deliberate rule-breakers.
Topics: ACCA HMRC iXBRL accounts reporting obligations small businesses