Business tax

HM Revenue and Customs (HMRC) has reminded employers that the rules on reporting car benefits change as from 6 April 2009.

The 2009 Budget, which will be delivered on 22 April, must focus on improving business confidence, the Forum of Private Business (FPB) has said.

HM Revenue and Customs (HMRC) has reminded taxpayers that a new penalty regime for tax errors is due to come into effect soon.

Taxpayers who are late in meeting their tax bills are to be charged a lower rate of interest on unpaid liabilities.

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.

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