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Business Tax

MPs call for business rates reform

The Business, Innovation and Skills Committee has concluded that the current business rates system is "not fit for purpose" and urged the Government to address its "fundamental flaws".

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Tax evasion campaign launched

HM Revenue & Customs has unveiled an advertising campaign tackling tax evaders who hold money in offshore accounts.

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Retailers propose business rates reform

The British Retail Consortium (BRC) has published a set of ideas to reform the business rates system.

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300,000 retailers could benefit from rates discount

A raft of measures designed to boost high streets and local economies has been announced by Communities and Local Government Secretary Eric Pickles.

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Scottish business rate rises capped at two per cent

Scottish business rates will increase by a below-inflation two per cent in 2014, the country's Finance Secretary John Swinney has announced.

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Business groups call for rates reform

Two of the country's leading business organisations have called on the Chancellor George Osborne to take urgent action on business rates in his Autumn Statement on 5 December.

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Scottish businesses urged to claim business rates relief

Small businesses in Scotland are being urged to take advantage of tax reliefs on business rates via the Small Business Bonus Scheme (SBBS).

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Retailers face higher business rates bill

Retailers are facing a £242 million annual increase in business rates after official figures showed that the retail price index measure of inflation grew by 3.2 per cent in the year to September.

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SMEs hindered by complex tax system, says business group

Half of small businesses spend between two and eight hours each month trying to understand and calculate their taxes and complete their returns, a survey by the Federation of Small Businesses has found.

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Financial transactions tax faces criticism

A tax on transactions made by banks and financial institutions in 11 European Union (EU) countries would be 'illegal', according to EU lawyers.

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