Business tax

Two of the country's leading business organisations have called on the Chancellor George Osborne to take urgent action on business rates in his Autumn Statement on 5 December.

Small businesses in Scotland are being urged to take advantage of tax reliefs on business rates via the Small Business Bonus Scheme (SBBS).

Retailers are facing a £242 million annual increase in business rates after official figures showed that the retail price index measure of inflation grew by 3.2 per cent in the year to September.

This year's Autumn Statement will be held on Wednesday 4 December, Chancellor George Osborne has confirmed on his Twitter account.

Half of small businesses spend between two and eight hours each month trying to understand and calculate their taxes and complete their returns, a survey by the Federation of Small Businesses has found.

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