Small firms appear to have taken the recent hike in VAT in their stride.

The Treasury is to examine the running of a VAT tax relief which may be harming the competitiveness of smaller internet firms.

There was an increase last year in the number of requests to defer business tax payments under the Time to Pay scheme that were refused by HM Revenue and Customs.

As many as one in three of small businesses will struggle to cope with the recent VAT rise, a new survey has claimed.

Small business owners would be willing to dip into their own bank accounts in order to bring about a fairer and less complex tax system, a new survey has claimed.

Syndicate content