Business tax

Businesses urged to simplify worker benefits

More than 8 in 10 employees believe businesses are over-complicating workplace benefits, making them difficult to understand or use.

Tax measures removed from Finance Bill

The government has dropped several controversial tax measures from its Finance Bill following the decision to call a snap general election.

Late tax return deadline reminder

Taxpayers have until 30 April 2017 to submit their late tax return or risk facing further fines.

Small businesses ignore R&D tax relief

More than half of small business owners are unaware of the R&D tax relief scheme and its benefits.

Digital tax pilot begins

HMRC has launched the Making Tax Digital pilot which will allow individuals and businesses to trial digital tax reporting.

Corporation tax rate falls to 19%

The tax rate for corporation tax is now 19% for 2017/18.

Business rates revaluation from 1 April

The next business rates revaluation will take place on 1 April 2017.

Business premises renovation allowance ends

Business premises renovation allowance ends on 31 March 2017 for corporation tax and 5 April 2017 for income tax.

VAT thresholds from 1 April 2017

The taxable turnover threshold for registering for VAT will increase from £83,000 to £85,000 from 1 April 2017.

Trade deal priority for small businesses

Continued access to EU markets is top priority for smaller businesses ahead of Brexit negotiations.

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