Business tax

The government should lighten the tax burden on smaller businesses if it wants to promote economic recovery, a business group has argued.

HM Revenue and Customs (HMRC) has published a list of software suppliers whose products have been tested for their ability to submit the new format online corporation tax returns.

Business groups have expressed disappointment over the government’s scheme for dampening the impact of the business rates increase set for next April.

Small firms that have just started up should be allowed to benefit from tax exemptions in the two years of trading, a new report has argued.

Businesses need to be aware of changes that are being made soon to the online corporation tax filing system, HM Revenue and Customs (HMRC) has said.

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