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Business Tax

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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Business rates legislation will hit local economies, says CBI

A decision by MPs to throw out amendments to the Business Rates Supplements Bill could harm regional economies, the CBI has argued.

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Taxes must be clear and accountable

Tax laws need to be reformed so that they are open, transparent and pose less of a burden to smaller businesses and entrepreneurs.

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PAYE system upgrade may lead to some delays, HMRC warns

Plans by HM Revenue and Customs (HMRC) to upgrade the IT system that is used to handle PAYE tax and national insurance details could result in temporary interruptions to the service.

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Feedback wanted on possible changes to expenses and benefits

HM Revenue and Customs (HMRC) has said that it is looking at making changes to the way that expenses and benefits provided by employers are handled for tax purposes.

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Businesses reschedule £2.5 billion in tax payments

The amount of tax which small firms have asked to delay paying under the government’s Business Payment Support Service has risen to £2.5 billion.

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Changes to advisory fuel rates for company cars

HM Revenue and Customs (HMRC) has announced changes to the advisory fuel rates for company cars as of 1 July.

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