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Business Tax

Europe aims to cut accounting costs for small firms

The European Commission has put forward plans exempting small companies from having to file audit reports with national authorities.

Small company tax changes would 'complicate not simplify'

Changes intended to simplify corporate tax for smaller companies will have the opposite effect and will add to the burden of tax compliance, the Institute of Chartered Accountants of Scotland (ICAS) has argued.

Small businesses get online tax guidance

HM Revenue and Customs (HMRC) has created a series of short online video guides aimed at helping small and new businesses understand the tax issues facing them.

Small businesses targeted by tax scams

Small firms have been the victims of fraudulent emails purportedly sent by HM Revenue and Customs (HMRC).

HMRC creates PAYE podcast

HM Revenue and Customs (HMRC) has launched a podcast setting out imminent changes to the PAYE filing system for larger SME employers.

Businesses delay £1 billion in tax payments

HM Revenue and Customs (HMRC) has announced that some 60,000 businesses have reached agreements for delaying the payment of their taxes.

Revenue offers guidance on new inspection rules

As from 1 April 2009, new legislation will affect the way that HM Revenue & Customs (HMRC) conducts enquiries, visits and inspections.

Companies warned of increased late filing penalties

Companies House has stepped up its efforts to warn firms that they face more punitive penalties for the late filing of annual accounts.

Parking space tax would 'hit' businesses

Firms could be facing a huge tax bill on their car parking spaces if a new levy goes ahead, it has been claimed.

Consultation begins on taxpayers’ charter

HM Revenue and Customs (HMRC) has published a draft of a taxpayers’ charter and is inviting the views of the public and businesses on it.