Business tax

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

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

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

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

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

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