Business Tax

300,000 retailers could benefit from rates discount

A raft of measures designed to boost high streets and local economies has been announced by Communities and Local Government Secretary Eric Pickles.

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Scottish business rate rises capped at two per cent

Scottish business rates will increase by a below-inflation two per cent in 2014, the country's Finance Secretary John Swinney has announced.

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Business groups call for rates reform

Two of the country's leading business organisations have called on the Chancellor George Osborne to take urgent action on business rates in his Autumn Statement on 5 December.

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Scottish businesses urged to claim business rates relief

Small businesses in Scotland are being urged to take advantage of tax reliefs on business rates via the Small Business Bonus Scheme (SBBS).

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Retailers face higher business rates bill

Retailers are facing a £242 million annual increase in business rates after official figures showed that the retail price index measure of inflation grew by 3.2 per cent in the year to September.

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SMEs hindered by complex tax system, says business group

Half of small businesses spend between two and eight hours each month trying to understand and calculate their taxes and complete their returns, a survey by the Federation of Small Businesses has found.

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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.

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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'.

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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.

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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.

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