Business Tax

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.

Apprenticeship levy details revealed

The government has announced further details about the apprenticeship levy and how the majority of employers will have 90% of their apprenticeship costs covered.

Finance executives favour promotions without pay rises

Should promoted employees get an automatic pay rise or be assessed in their new role first? 42% of finance executives think the latter.

Corporation tax forms move online

HMRC will stop providing some paper forms for corporation tax as part of its move towards digital tax accounts.

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