Business news

HM Revenue and Customs (HMRC) has argued that the interest due on late inheritance tax payments is part of a new system that is fairer for customers.

Firms are being reminded that they can express their views on the transitional arrangements for the next business rates revaluation.

The Chancellor has been urged to drop VAT on energy efficient domestic appliances in a scheme that would mirror the car scrappage programme.

Savers are currently enjoying some of the best returns on their money in nearly 20 years, it has been argued.

Over 300 banks and financial institutions will be obliged to hand over details of their customers’ offshore accounts to the tax authorities.

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