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Business Tax

SMEs 'fear' returns and the taxman, says report

Small businesses worry about filling in tax returns correctly and dealing with HMRC, according to a report carried out for the tax authority.

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Pass over of tax powers to Northern Ireland delayed

Talks to decide on whether Northern Ireland should be granted the power to set its own rate of corporation tax have ended without agreement.

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New tax guidance for employers on company paid healthcare

New guidance on the tax implications for companies offering paid healthcare for their employees has been published.

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HMRC cleared of 'sweetheart deals' with big businesses

HMRC's handling of settlements involving multi million pound disputes between large corporations has been judged as 'reasonable' by the National Audit Office (NAO).

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Tax avoidance: Consultation on general anti-abuse rule launched

The Government has launched a consultation on a new general anti-abuse rule (GAAR) designed to tackle what it terms 'artificial and abusive tax avoidance schemes'.

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Heathrow capacity hindering Northern Ireland economy, says lobby group

Over stretched capacity at Heathrow airport will damage Northern Ireland's economic growth, says the Confederation of British Industry (CBI).

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Six new taskforces launched by HMRC

HMRC has launched six new taskforces with the aim of recovering up to £23 million from traders who fail to pay the taxes they owe.

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Charities, pasties and caravans: Chancellor makes series of Budget U-turns

Chancellor George Osborne has dropped plans to limit the amount of tax relief on charitable giving, after listening to the concerns of charities.

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Think tank urges for single 30% income tax rate

A new single income tax rate of 30 per cent should replace and abolish eight different taxes, a report by a Government think tank has said.

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Northern Ireland corporation tax cut could 'change economy overnight'

Pressure on the Treasury to allow Northern Ireland the power to set its own rate of corporation tax is mounting, after the Confederation of British Industry (CBI) said a lower rate could improve the country's economy 'overnight'.

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