VAT

SMEs hindered by complex tax system, says business group

Posted On: Monday, 30 September 2013

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.

Continue Reading »
Prioritise VAT fraud and online trading risks, report tells HMRC

Posted On: Wednesday, 03 July 2013

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.

Continue Reading »
CBI publishes tax principles for businesses

Posted On: Wednesday, 08 May 2013

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.

Continue Reading »
SMEs 'fear' returns and the taxman, says report

Posted On: Monday, 09 July 2012

Small businesses worry about filling in tax returns correctly and dealing with HMRC, according to a report carried out for the tax authority.

Continue Reading »
3p rise in fuel duty is postponed

Posted On: Wednesday, 27 June 2012

The Government has announced the 3p rise in fuel duty, planned for August, will not go ahead this year.

Continue Reading »