Oct 15, 2021 | Business Tax
The Government's policy to modernise the UK tax system could cost the small business community £25 billion per year to cover admin costs, according to the Federation of Small Businesses (FSB). Making Tax Digital (MTD) aims to simplify the tax process for individuals...
Oct 5, 2021 | Business Tax
Businesses claimed an estimated £7.4 billion in R&D tax relief in the 2019/20 tax year, an increase of 19% from the previous year, Government data shows. This corresponded to £47.5bn of R&D expenditure from those businesses, 15% higher than last year. The...
Sep 29, 2021 | Business Tax
The Labour party plans to scrap business rates and hike the rate of the new digital services tax to build a level playing field between high street shops and online stores, Shadow Chancellor Rachel Reeves told delegates at the Labour conference on 27 September 2021....
Sep 23, 2021 | Business Tax
A survey by the British Retail Consortium (BRC) suggests business rates are having a "devastating impact" on the retail sector, with 83% of retailers saying they are likely to close their store unless rates are reduced. In its survey of "leading retailers", the BRC...
Sep 6, 2021 | Business Tax
Going ahead with proposals to change basis periods ahead of the expansion of Making Tax Digital would be a "backwards step" for affected businesses, warns the Institute of Chartered Accountants in England and Wales (ICAEW). Responding to HMRC's consultation proposals...
