Syndicate content

Business Tax

Autumn Budget 2021: key business announcements

The top announcements affecting businesses from 27 October 2021.

MTD will cost SMEs £25bn, says FSB

SME organisation calls for MTD reforms.

R&D spending hits £47.5bn in 2019/20

Expenditure on R&D as percentage of GDP trails behind target.

Calls resurface to abolish business rates

Opposition would increase digital services tax to fund the move.

Business rates threaten 4 out of 5 retailers with closure

Calls for rates reform ahead of Government review.

Call to scrap proposed basis period reform

Reform could create as many problems as it solves.

Fresh concerns over capital gains tax rise

A tax hike could generate £14bn a year.

Monthly borrowing figures start to climb down

Borrowing in June 2021 was the second highest on record.

Simplified tax reporting for self-employed announced

A fifth of self-employed people will face extra one-off costs.

National Food Strategy calls for £3bn salt and sugar tax

It could cost households up to £172 a year.