Business tax

HMRC has launched the Making Tax Digital pilot which will allow individuals and businesses to trial digital tax reporting.

The tax rate for corporation tax is now 19% for 2017/18.

The next business rates revaluation will take place on 1 April 2017.

Business premises renovation allowance ends on 31 March 2017 for corporation tax and 5 April 2017 for income tax.

The taxable turnover threshold for registering for VAT will increase from £83,000 to £85,000 from 1 April 2017.

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