Business tax

Cameron: Continued austerity measures and increased credit for businesses

Prime Minister David Cameron has said the Government will refuse to back down on deficit reduction plans and pledged to boost credit for businesses and households, in a speech made yesterday on the UK's economy.

Northern Ireland corporation tax cut could 'change economy overnight'

Pressure on the Treasury to allow Northern Ireland the power to set its own rate of corporation tax is mounting, after the Confederation of British Industry (CBI) said a lower rate could improve the country's economy 'overnight'.

Small businesses struggling with ineffective infrastructure

Rising energy costs and access to effective telecommunications, including broadband and mobile phone reception, have topped the polls as some of the most important infrastructure issues for small businesses, new research from the Forum of Private Business (FPB) has found.

HMRC's tax tests for contractors criticised

HMRC has come under fire over the release of new guidance for contractors and freelancers on the complex tax legislation IR35.

HMRC campaign deadlines approach for electricians and online traders

The deadlines for HMRC's latest tax campaigns for electricians and online traders are approaching.

New mobile apps to help small firms with record keeping

New mobile apps that will allow small businesses access to simple record keeping accounts on the go are to be produced by commercial software houses, following consultation with HMRC.

Mixed reactions to Northern Ireland enterprise zone

Proposals for an extended enterprise zone covering the whole of Northern Ireland have been criticised by Northern Ireland's finance minister Sammy Wilson.

Government criticised over Finance Bill 2012

The Government has been criticised for its 686 page Finance Bill, the longest published on record, after Chancellor George Osborne pledged to create a 'fairer, more efficient and simpler tax system' in this year's Budget.

Finance Bill 2012 published

The Government has published the Finance Bill 2012, in which tax measures announced in Budget 2011 and 2012 come into force.

Consultation for simpler income tax for SMEs opens

The Government has opened a consultation document regarding income tax simplification for small businesses, including the introduction of a 'cash basis' for tax calculations and simplified expenses, following announcements made by George Osborne in the Budget.

Online VAT filing: Are you ready?

HMRC has issued a reminder that all VAT registered businesses in the UK will now have to submit their VAT returns online, and also pay any VAT owed electronically, from 1 April.

New tax allowances to boost Scottish energy investment

Oil and gas industries in the North Sea are set to benefit from increased investment after the Government unveiled plans to alter taxes affecting the sector in the Budget.

Chancellor defends Budget

Chancellor George Osborne has been defending yesterday's Budget in a string of media interviews after accusations of hitting the elderly with reduced tax allowances and aiding the highest earners.

Budget 2012: Potential tax reforms could aid SMEs

Small businesses may benefit from a simplified tax system in which full accounts may not have to be presented to HMRC, under plans announced by Chancellor George Osborne in the Budget.

Budget 2012: Business reaction

Business groups and commentators have given initial responses to the Budget announced this afternoon, which Chancellor George Osborne said would 'unashamedly back business', encourage investment and create more jobs.

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