Search

Changing times - digital tax changes could harm small rural firms, Diss Business Forum chairman Brian Bale warns

PUBLISHED: 11:36 18 March 2017 | UPDATED: 11:37 18 March 2017

Brian Bale of Lovewell Blake. Picture: LOVEWELL BLAKE

Brian Bale of Lovewell Blake. Picture: LOVEWELL BLAKE

Submitted

Small rural firms who still keep old-fashioned paper records could struggle to adapt to government changes to make the tax system digital, it has been warned.

Although most companies and self-employed workers submit tax returns online, some still take the option of filing their documents with a pen and paper by hand.

But chancellor Philip Hammond has moved to stop that and make digital tax reporting compulsory under the new Making Tax Digital scheme.

Businesses still relying on paper methods have until April 2019 to change their systems before the new HM Revenue and Customs (HMRC) scheme comes in.

But Brian Bale, a Halesworth-based partner at Lovewell Blake chartered accountants who is also chairman of Diss Business Forum, said: “We’ve a lot of clients who are not interested in it.

“We’re in a rural area with a poor broadband service where you aren’t always able to fill things in online.

“I think this is going to be a huge issue for rural businesses.”

In a presentation about the 2017 Budget to Diss Business Forum, Mr Bale said the regular schedule of Autumn Statements and Budgets “does give you some certainty as to what’s going on”.

However he fears that those guilty of tax avoidance might get away with it in the future, because: “Along with many government departments, they don’t seem to have the resource to carry out inspections.”

The rise in business rates also caused a lot of debate in the run-up to the Budget.

But Mr Bale said the one-off £1,000 one-off business rate discount for 90pc of pubs in 2017 “is not going to make a huge difference” to their financial situation.

Mr Bale, from Dickleburgh, was unanimously elected to lead Diss Business Forum at its annual general meeting at The Park Hotel, Diss earlier this year.
He succeeded Kerry Kirby, from Diss-based Splice Creative, after her two years in the role.

“I am really looking forward to continuing the excellent work of the forum over recent years in providing informative events along with friendly networking opportunities,” said Mr Kirby, who is also treasurer at Diss Rugby Club and has previously been chairman of Halesworth Business Connections.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Beccles and Bungay Journal visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Beccles and Bungay Journal staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Beccles and Bungay Journal account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Other news

Yesterday, 15:50

Spring is most definitely here and many of you have been sharing your blooming lovely floral pictures on iwitness24. We loved this captivating picture of a host of daffodils seen through a crystal ball, captured by Frances Crickmore.

From Take That playing two dates at Norwich City Football Club to Tom Jones performing at Holkham Hall in north Norfolk - our region looks set to enjoy a great summer of outdoor music this year and a major profile boost on the national stage.

Fri, 18:56

Thousands of people across East Anglia have donned a red nose today to raise money for Comic Relief.

Fri, 16:40

British Summer Time officially begins at 1am on the last Sunday in March.

Most Read

Wed, 11:09

A Suffolk man is to return to his roots to take on a role as church pastor.

Read more
Fri, 18:56

Thousands of people across East Anglia have donned a red nose today to raise money for Comic Relief.

Read more
Twitter
Wednesday, October 12, 2016

Tributes have been paid to a farmer who died when a vintage plane crashed in Norfolk.

Read more
Norfolk and Norwich University Hospital
Monday, March 13, 2017

A high school in Beccles is offering a free treat for all ladies later this month.

Read more
Sir John Leman High School
Yesterday, 15:50

Spring is most definitely here and many of you have been sharing your blooming lovely floral pictures on iwitness24. We loved this captivating picture of a host of daffodils seen through a crystal ball, captured by Frances Crickmore.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 6°C

HOT JOBS

Show Job Lists

Digital Edition

Image
Read the Beccles and Bungay Journal e-edition today E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter