9 May 2019 | Business Tax
The business rates system has become "uneconomical" and "unsustainable", and should be reviewed, according to the Confederation of British Industry (CBI). Business rates are a tax on most properties used for business purposes, and are calculated based on an estimate...
2 May 2019 | Business Tax
Most small business owners do not think the tax system treats their business fairly, according to research from the British Chambers of Commerce (BCC). In a survey of 1,000 firms, 58% of SME owners said they think the UK tax system is unfair., while 67% don't believe...
25 Apr 2019 | Business Tax
Analysis of government data by a body representing British businesses has found that together UK firms paid £196 billion in taxes in 2018/19. In 2017/18, the total bill was £188 billion. At the current rate, the CBI says, UK firms are contributing 27% of tax revenue,...
11 Apr 2019 | Business TaxPersonal Tax
Contractors are still not fully aware of the changes to tax legislation that are set to take effect in a year's time, according to a survey from the Recruitment and Employment Confederation (REC). IR35 rules were reformed for the public sector in April 2017, with the...
2 Apr 2019 | Business Tax
More than a million VAT-registered businesses have now been mandated into the Government's Making Tax Digital (MTD) programme, which came into force on 1 April 2019. Under the scheme, businesses that are registered for VAT with a turnover of more than £85,000 are...
