Business tax

The Treasury has signalled its intention to act against those who do not comply with the UK’s tax laws.

Businesses must be given the freedom to create jobs and to drive the economy, a leading business group has said.

HM Revenue and Customs (HMRC) has announced the new interest rates that will be charged for and paid on late and overpaid taxes.

The CBI has called on the government to re-examine the current tax system in an effort to underpin the UK’s reputation for developing intellectual property.

HM Revenue and Customs has insisted that it has not altered its position on claims for research and development tax credits.

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