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VAT

Tax changes from 1 April

A host of new tax changes affecting businesses and individuals have come into effect on 1 April. Here is a quick breakdown of the changes and how they may affect you.

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Scotland tax devolution legislation published

Draft legislation that will see the devolution of tax powers to Scotland has been published by the UK government.

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SMEs hindered by complex tax system, says business group

Half of small businesses spend between two and eight hours each month trying to understand and calculate their taxes and complete their returns, a survey by the Federation of Small Businesses has found.

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Prioritise VAT fraud and online trading risks, report tells HMRC

HM Revenue and Customs (HMRC) needs to do more to tackle VAT fraud and the emerging threat of losses from online trading, a report by the National Audit Office (NAO) has advised.

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CBI publishes tax principles for businesses

A statement of principles that sets out steps UK businesses should take in order to improve the transparency and understanding of their tax affairs has been published by the Confederation of British Industry.

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