VAT

VAT loophole review could help smaller internet traders

The Treasury is to examine the running of a VAT tax relief which may be harming the competitiveness of smaller internet firms.

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Increase in Time to Pay rejections

There was an increase last year in the number of requests to defer business tax payments under the Time to Pay scheme that were refused by HM Revenue and Customs.

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VAT rise could put pressure on smaller firms

As many as one in three of small businesses will struggle to cope with the recent VAT rise, a new survey has claimed.

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Small businesses prepared to pay for tax simplification

Small business owners would be willing to dip into their own bank accounts in order to bring about a fairer and less complex tax system, a new survey has claimed.

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VAT and fuel duty pose greater threat to small firms than harsh winter

The severe weather has had an adverse affect on many small firms but not so significant as recent tax rises, a new study has claimed.

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Online VAT repayment returns will earn firms extra time

HM Revenue and Customs (HMRC) have reassured firms that filing a repayment VAT return online will allow an extra seven days in which to submit the return.

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Retail sales likely to be hit by VAT rise

The rise in the standard rate of VAT, from 17.5 per cent to 20 per cent, is likely to hit retailers, a new study has suggested.

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VAT hike means people will work longer to pay their taxes

It will require an extra three days for taxpayers to reach that point in the year when they will have earned enough income to pay their tax bills, the Adam Smith Institute has said.

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Measures needed to help businesses cope with the severe winter

The Government and the banks have been urged to lend their support to firms hit hard by the severe winter weather.

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Businesses reminded of imminent VAT rise

Businesses are being urged to ready themselves for the increase in the standard rate of VAT set for 4 January.

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