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Business tax

Government announces new measures to boost funding for small businesses

New laws to arm small businesses against unfair contracts that stop them raising money from unpaid invoices have been put to Parliament which will make it easier fo

End of tax payer compensation for delayed VAT refunds is a concern

The proposed scrapping of compensation for delays to the payment of VAT refunds by HMRC is unfair and likely to harm affected business’ cash flows, according to The


Corporate tax rates continue to fall internationally

Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation

Entrepreneurs' Relief should be scrapped to pay for the NHS

Entrepreneurs’ Relief is expensive, ineffective, and regressive – and the government should scrap it as it looks for ways to fund its £20bn NHS pledge, according to

Personal tax

HMRC to fine undeclared offshore income or assets

Individuals paying UK tax and with offshore income or assets or who have transferred income abroad without paying UK tax on it, must notify HMRC by 30 September 201

Gov't U-turn on Class 2 NI contribution abolishment has positives but system needs a review

The Government’s decision to go back on its proposal to abolish Class 2 national insurance contributions for the self-employed, while prompting calls for a review o

Higher rate tax payers should make the most of pension tax reliefs ahead of Budget

Britain’s highest earners should consider reviewing their pension tax relief plans ahead of an expected raid by Chancellor Philip Hammond in November’s Budget, acc

Summer working students may be due a tax refund

Students who have worked over the summer need to make sure that they have not overpaid tax and whether they are due a tax refund from HMRC, advises The Low Incomes


How entrepreneurs can take advantage of the tax gap