Business tax

HM Revenue and Customs (HMRC) has said that it will apply a ‘light touch’ if businesses make mistakes on their returns following the forthcoming change in the standard rate of VAT.

Businesses that start up gain after they have collapsed are, in some cases, being met with demands for significant up-front VAT payments, it has been claimed.

The cost of flying has risen after the introduction of the first of two new sets of air duty.

The government should not reduce its support for businesses when it comes to deciding where public spending cuts must be made but should do more to ease the tax burden on smaller firms.

The government has been urged not to impose additional taxes on smaller businesses.

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