Business news

The government has been urged to clarify the levels of lending that banks are making to small businesses.

HM Revenue and Customs (HMRC) has announced that, as from 6 April 2009, it is possible to submit self assessment tax returns online that cover earlier years.

Last December’s reduction in VAT from 17.5 per cent to 15 per cent has had a measurable effect on consumer spending, a think tank has claimed.

The Chancellor should use the Budget to provide small firms with greater scope for offsetting profits against money spent on equipment.

The Federation of Small Businesses (FSB) has called on the government to make the rates relief to which small firms are entitled automatic.

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