The government should lighten the tax burden on smaller businesses if it wants to promote economic recovery, a business group has argued.

The temporary reduction in VAT has only had a moderate effect on consumers, a poll has found.

HM Revenue and Customs (HMRC) has launched its taxpayers’ charter.

Some businesses in the leisure, hospitality and catering sectors are to be allowed to continue charging VAT at 15 per cent into the early part of New Year’s Day.

HM Revenue and Customs (HMRC) has said that it will apply a ‘light touch’ if businesses make mistakes on their returns following the forthcoming change in the standard rate of VAT.

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