Business news

HM Revenue and Customs (HMRC) is to launch a new campaign aimed at reclaiming the tax payable on undeclared funds kept in offshore accounts.

HM Revenue and Customs (HMRC) has said that it is looking at making changes to the way that expenses and benefits provided by employers are handled for tax purposes.

Smaller firms should look seriously at exporting as a way of combating the economic downturn.

The amount of tax which small firms have asked to delay paying under the government’s Business Payment Support Service has risen to £2.5 billion.

People are experiencing increasing delays in the time it takes for refunds of overpaid taxes to be made, it has been claimed.

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