Business Tax

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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Small businesses struggling with ineffective infrastructure

Rising energy costs and access to effective telecommunications, including broadband and mobile phone reception, have topped the polls as some of the most important infrastructure issues for small businesses, new research from the Forum of Private Business (FPB) has found.

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Tax tests for contractors criticised

HMRC has come under fire over the release of new guidance for contractors and freelancers on the complex tax legislation IR35.

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HMRC campaign deadlines approach for electricians and online traders

The deadlines for HMRC's latest tax campaigns for electricians and online traders are approaching.

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