Business tax

Businesses that delayed settling their tax bills under a scheme introduced by the government to help those struggling in the economic downturn are paying back the much of the money owed.

There has been a rise in the number of queries that HM Revenue and Customs (HMRC) has received concerning incorrect employee tax codes.

HM Revenue and Customs (HMRC) is facing £8.5 billion in claims for overpaid VAT.

Concerns have been expressed over plans by HM Revenue and Customs (HMRC) to make the online filing of company tax returns in a new format compulsory.

Many thousands of smaller businesses could see an increase in their administrative burdens if new accounting rules on leasing come into effect, it has been claimed.

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