VAT

HMRC looking to accelerate VAT registration rates

HM Revenue and Customs (HMRC) is to investigate how to improve still further the system for dealing with applications from businesses wishing to register for VAT.

HMRC gives reminder on changes to tax payments

HM Revenue and Customs (HMRC) has reminded businesses that a number of important changes to the way that taxes are paid come into effect this month.

First dip in household disposable income in three decades

The extent of the challenges facing the UK economy were set in perspective with the news that take home pay for the average British household fell last year for the first time since 1981.

Budget 2011: business reaction (I)

By and large, business groups extended a welcome to the Budget, but some expressed doubts about whether the Chancellor had done enough to stimulate a private sector led recovery.

Budget 2011: online VAT filing for all

VAT filing is set to become compulsory for every registered business.

Firms urged to sign up early for new online VAT rules

Businesses are being reminded that new regulations governing the filing of VAT returns and the payment of VAT liabilities are to come into effect next year.

Simpler VAT system mooted

As part of its review of the small business tax regime, the Office of Tax Simplification (OTS) has put forward suggestions on the way that the VAT system can be streamlined and made easier to manage.

Dropping VAT relief would not harm smaller traders, says business group

Closing a relief which allows larger firms to move off-shore in order to pay no VAT on items valued at £18 or less would benefit rather than hit smaller businesses, it has been claimed.

Business record checks could be expensive for smaller firms

Plans by HM Revenue and Customs (HMRC) to scrutinise the record keeping of smaller firms could prove costly for many enterprises, it has been claimed.

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