Business tax

The vast majority of employers filed their annual returns online this year, HM Revenue and Customs (HMRC) has said.

Figures have been released showing that the IR35 tax regulations are producing an average of just £1.5 million a year in tax revenues.

Firms have been reminded by HM Revenue and Customs (HMRC) that the date for submitting their 2008-09 employer annual returns has passed but that they could still avoid late-filing penalties.

The increase in capital allowances announced in the Budget is unlikely to help large numbers of smaller firms, according to two trade and business organisations.

HM Revenue and Customs (HMRC) has reminded employers that the date for filing their annual employer returns is imminent.

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