Business Tax

Business rate reforms could lead to losses for some councils

Councils are forecast to see divergent effects on their funding due to the business rates reforms in 2016/17.

Paper tax return final reminder

A final reminder to submit your paper tax return for the 2015/16 tax year on 31 October 2016.

UK tax gap falls in 2014/15

The UK tax gap between the amount of tax due and that actually collected fell to 6.5% in 2014/15, according to figures by HMRC.

Rise in total UK tax receipts

Total UK tax receipts (excluding North Sea oil and gas revenues) increased by 83% since 1999/00, according to figures by HMRC.

Intangible assets outstrip ‘bricks and mortar’ investment

Is your company investing in R&D? Intangible asset investment reached £133 billion in 2014, according to research by the Intellectual Property Office.

Lack of clarity on apprenticeship levy among businesses

Are you ready for the apprenticeship levy? 39% of business owners still have no understanding of the forthcoming reforms.

Patent Box relief tops £343 million

Has your company used the Patent Box? 700 companies used the Patent Box in its first year with a total value of £343 million.

Businesses pay £32 billion in corporation tax

Businesses paid a record £32 billion in corporation tax last year, according to Funding Options.

Plans to reduce tax savings from salary sacrifice schemes

HMRC has announced plans to reduce tax and national insurance contributions savings from salary sacrifice schemes.

Digital tax account consultation launched

The smallest businesses will be exempt from quarterly reporting to HMRC, government proposals about the transition to digital tax accounts have revealed.

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