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Business tax

Late tax payments see interest rate cut

Taxpayers who are late in meeting their tax bills are to be charged a lower rate of interest on unpaid liabilities.

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HMRC sending out penalty notices for late P11D(b) returns

Employers are being advised that, as from 16 March, HM Revenue and Customs (HMRC) is sending out penalty notices to those firms yet to file their 2007-08 form P11D(b) Class 1A National Insurance contributions annual returns.

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Business rates bill needs to be changed, says CBI

The new Business Rates Supplement Bill must be amended if local economies are not to be hit by the burden of unwanted extra taxes, the CBI has warned.

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Government should 'drop' parking tax law

A leading business group has petitioned the government to scrap legislation which allows local authorities to charge a tax on business car parking spaces.

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Ten years of 'harm' caused by IR35 tax, says group

The tenth anniversary of IR35 tax rules has been marked by a call to abolish the legislation.

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Old P45 forms to be replaced soon

Employers need to remember that the old A5 version of the P45 form will no longer be valid as from 6 April.

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Taxpayers urged to prepare for new compliance rules

Taxpayers and businesses need to be aware that a new regime on how tax compliance checks are carried out will soon be in force, HM Revenue and Customs (HMRC) has warned.

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Business recovery plan launched by BCC

The British Chambers of Commerce (BCC) has published its strategy for helping businesses recover from the recession.

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