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Business Tax

Simplify tax system for small businesses, says OTS

The UK's tax system should be simplified to ease pressure on small businesses, the Office of Tax Simplification (OTS) has said.

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'Scrap the 50p tax rate', businesses tell Chancellor

More than 500 businesses have urged Chancellor George Osborne to cut the 50p top rate of tax in the forthcoming budget in order to help the UK economy.

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Tax disputes to be made more 'transparent'

HMRC has announced new governance arrangements in order to provide 'greater transparency, scrutiny and accountability' for significant tax disputes.

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New HMRC taskforces to target market and auto traders

HMRC is to launch 30 new taskforces in 2012/13 which will specifically target market stall holders, car sales people, and rag traders as it continues its clampdown on those who attempt to dodge the tax man.

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HMRC alters stance on employee smartphones

Smartphones such as BlackBerrys and iPhones which are provided by employers to employees will no longer be subject to tax as a 'benefit in kind', HMRC has announced.

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Chancellor faces increasing pressure for Budget tax-cuts

The Chancellor is facing mounting pressure from business groups and labour MPs to cut taxes in the upcoming Budget in order to stimulate economic growth and boost business.

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Businesses encouraged to go green with low carbon vehicle grant

The Government has announced the first seven vans eligible for its new Plug-in Van Grant scheme which offers tax breaks of 20 per cent off the cost of selected low emission vehicles.

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HMRC: Late tax return penalties being issued

HMRC has begun issuing hundreds of thousands of penalty notices to those who have failed to submit tax returns on time, it has announced.

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HMRC launches latest tax avoidance campaigns

HMRC is set to launch various new campaigns throughout the coming year as it continues its drive to clamp down on those who attempt to dodge the taxman.

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Government under fire over latest tax avoidance scheme

The Government has been heavily criticised after it was revealed that the Student Loans Company CEO was being paid via an agreed tax avoidance scheme.

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