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Tax

Income holds up

Treasury tax receipts ‘almost back to normal’

Rishi Sunak
Rishi Sunak: focus on job retention Despite the economy taking a severe battering during the lockdown, government statistics reveal that tax revenues have almost recovered to normal levels. Total taxRead More

Modernising system

Small firms to digitise tax returns from 2022

Making Tax Digital
The changes will now impact smaller firms Britain’s smallest companies will fall within the UK government’s tax digitisation programme from 2022. VAT-registered businesses with a taxable turnover above the VATRead More

Simplification plan

Sunak orders review of capital gains tax

Rishi Sunak
Rishi Sunak: wants CGT to be fit for purpose Chancellor Rishi Sunak has called for a review of capital gains tax as he looks to claw back money spent proppingRead More

Call for change

‘Replace business rates with online tax,’ say firms

Amazon parcels - Amazon website
Firms say online rivals have an unfair advantage More than eight in ten executives believe that the business rates system should be replaced with an online sales tax, according to newRead More

As Finance Bill passed...

FreeAgent chief says MPs missed chance to help contractors

Ed Molyneux
Ed Molyneux: many freelancers will be disappointed A Scottish entrepreneur says MPs have missed an opportunity to help millions of freelancers and contractors by failing to defer a controversial taxRead More

Tightening on eligibility

Companies facing crackdown on government support

Richard Leonard
Richard Leonard: ‘We cannot go back to business as usual’ (pic: Terry Murden) Companies operating in Scotland which are registered in overseas tax havens must not receive financial support fromRead More

Relief for self-employed

IR35 contractors tax rule change delayed for a year

Stephen Barclay
Stephen Barclay: a delay not a cancellation A controversial tax reform on contractors is being delayed by a year as the government eases pressures on businesses trying to cope withRead More

Plea to save benefit

FSB says saving owners’ tax relief would cost only £600m

Mike Cherry
Mike Cherry: Conservatives should keep their promise A small business lobby group says the cost of maintaining a key tax relief for business owners could be reduced to £600 million.Read More

U-turn on election pledge

Alarm over plan to axe tax relief for entrepreneurs

Rishi Sunak
Rishi Sunak: seeking funds New chancellor Rishi Sunak has prompted a backlash from business groups over his plan to scrap a £3 billion tax relief for entrepreneurs. Mr Sunak isRead More

Budget plan

Javid considering tax raid on higher earners

Sajid Javid
Sajid Javid: announces Budget next month Chancellor Sajid Javid is said to be considering a tax raid on higher earners in his 11 March budget. Mr Javid is looking atRead More