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Business Tax

New online filing system should be 'delayed'

Concerns have been expressed over plans by HM Revenue and Customs (HMRC) to make the online filing of company tax returns in a new format compulsory.

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New accountancy rules on leasing may hit small firms

Many thousands of smaller businesses could see an increase in their administrative burdens if new accounting rules on leasing come into effect, it has been claimed.

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Penalty warning on late P11D(b) Returns

HM Revenue & Customs (HMRC) has said that, as from 13 July, it has started to send penalty notices to employers who have not yet filed their 2007-08 form P11D(b) Annual Returns.

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New tax measures could harm business

Increases in business and personal tax pose a risk to the health of the UK economy, a survey has suggested.

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Government asks for views on business rates relief scheme

A consultation has been launched on a £2 billion relief scheme aimed at helping businesses cope with rises in their rates bills.

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Worst of recession over but recovery will be tough

The economy may be emerging from the depths of the recession but firms will still encounter difficulties on the road to recovery, the British Chambers of Commerce (BCC) has said.

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New tax raising powers for local authorities 'worrying'

A leading business group has described new powers that will enable local authorities to charge additional rates as “deeply worrying”.

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Ease tax burdens to boost recovery, government urged

The UK’s small business sector is experiencing tentative signs of a recovery, according to a new survey.

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HMRC publishes new rules for online filing of corporation tax

HM Revenue and Customs (HMRC) has issued new draft regulations on the online filing of corporation tax.

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Extra tax relief would encourage private business investment

An increase in tax incentives would act as a spur to business angels who are thinking of investing in start-up businesses, it has been claimed.

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