Business Tax

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.

Read more

UK corporation tax system is 'too complex' says committee

The House of Lords Economic Affairs Committee has said the UK corporation tax system does 'not work' and 'urgently needs reform'.

Read more

A third of top businesses legally reduce tax bills

The survey, which questioned business decision makers and members of the public, found that 34 per cent of the highest earning businesses and individuals take advantage of measures to reduce their tax liability, compared with just 18 per cent of SMEs.

Read more

Prioritise VAT fraud and online trading risks, report tells HMRC

HM Revenue and Customs (HMRC) needs to do more to tackle VAT fraud and the emerging threat of losses from online trading, a report by the National Audit Office (NAO) has advised.

Read more

Scottish stamp duty tax change edges closer

A bill allowing Scotland to set its own rate of stamp duty land tax (SDLT) separate to that of the UK has reached its third stage of debate in the Scottish Parliament.

Read more

NI finance minister puts tax in spotlight

Northern Ireland finance minister Sammy Wilson has accused the Republic of Ireland of 'stealing' tax revenue from the UK, in a comment that will add further pressure on the G8 summit to promote greater tax transparency.

Read more

Northern Ireland businesses urged to complete rental survey

Occupiers of up to 50,000 business premises in Northern Ireland are set to receive letters asking for their rental information as part of the Government's drive to evaluate business rates and taxes.

Read more

National Insurance allowance to boost SME job creation

One in five small businesses is feeling optimistic about growth and expansion following the Government's announcement to introduce a £2,000 allowance towards employer National Insurance contributions (NICs).

Read more

CBI publishes tax principles for businesses

A statement of principles that sets out steps UK businesses should take in order to improve the transparency and understanding of their tax affairs has been published by the Confederation of British Industry.

Read more

Empty properties charged £1.1 billion in business rates

Up to £1.1 billion in business rates were paid on empty properties last year - a 19 per cent increase since 2009 - the Tax Payers' Alliance has revealed.

Read more
Syndicate content