VAT

When cheque payments are 'received' by HMRC

These days, most payments of VAT to HMRC by taxpayers are made electronically but cheque payments are still allowed in certain circumstances, notably by small, already registered businesses with annual VAT-exclusive turnover of less than £100,000, which continue to file paper returns.

Firms finding it more difficult to defer VAT payments

Increasing numbers of firms are being refused the chance to defer their VAT payments under the Time to Pay scheme.

Treatment of university trading subsidiaries

HMRC have announced that in most cases where universities set up trading subsidiaries, which themselves provide education, they are acting as if they are a college institution, school or hall of a university.

General Election 2010: a hung Parliament

With no party capable of commanding an overall majority in the House of Commons, here is a brief recapitulation of what each of the main parties has promised on business, tax and the economy.

Income tax 'needs to climb'

The UK may have to increase the basic rate of income tax by 6p in the pound, a leading think-tank has warned.

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