Business tax

Employers are being advised that, as from 16 March, HM Revenue and Customs (HMRC) is sending out penalty notices to those firms yet to file their 2007-08 form P11D(b) Class 1A National Insurance contributions annual returns.

The new Business Rates Supplement Bill must be amended if local economies are not to be hit by the burden of unwanted extra taxes, the CBI has warned.

A leading business group has petitioned the government to scrap legislation which allows local authorities to charge a tax on business car parking spaces.

The tenth anniversary of IR35 tax rules has been marked by a call to abolish the legislation.

Employers need to remember that the old A5 version of the P45 form will no longer be valid as from 6 April.

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