Business news

The increase in capital allowances announced in the Budget is unlikely to help large numbers of smaller firms, according to two trade and business organisations.

Taxes may have to rise by significant amounts if the UK’s public finances are to return to balance in the timescale outlined by the Chancellor, a think tank has claimed.

Interest-free loans worth £100 million over two years are being offered to businesses looking to invest in new, energy-efficient equipment and machinery.

HM Revenue and Customs (HMRC) has reminded employers that the date for filing their annual employer returns is imminent.

The government should consider switching the date on which the standard rate of VAT moves from 15 per cent to its former level of 17.5 per cent.

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