Call 020 7794 5757 - Email info@numerallp.com

AAT outlines top asks in Budget representation

The Association of Accounting Technicians (AAT) has outlined its wishlist for the upcoming Spring Budget on 6 March.

19 Feb 2024

The Association of Accounting Technicians (AAT) has outlined its wishlist for the upcoming Spring Budget on 6 March.

The AAT has called on Chancellor Jeremy Hunt to create a 'simpler, fairer and more effective' tax system that 'benefits everyone in the country'. It has called for the creation of a new body, separate from government, dedicated to the design, administration and delivery of tax policy.

It said that simplifying and streamlining tax obligations for small and medium-sized enterprises (SMEs) can help alleviate costs and 'reduce the time spent on tax issues, allowing them to focus on growing their business'.

Additionally, the AAT said that late payments are 'an increasing threat to SMEs', and called for the government to take further action to ensure large businesses are held accountable for paying their suppliers on time.

The AAT also called for 'continual delays' in the implementation of Making Tax Digital (MTD) to be addressed immediately. It said the pilot schemes for the next phase of MTD must start as soon as possible.

The AAT's full Budget submission can be found here.

Newsletter sign-up

Why not register to receive our Monthly Newswire?

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign-up today

Try a site search Tax return, dividends, pension, autumn statement...

Company details

020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

About us

Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

© 2024 Numera. All rights reserved. We use cookies on this website, you can find more information about cookies here.