Business tax

A decision by MPs to throw out amendments to the Business Rates Supplements Bill could harm regional economies, the CBI has argued.

Tax laws need to be reformed so that they are open, transparent and pose less of a burden to smaller businesses and entrepreneurs.

Plans by HM Revenue and Customs (HMRC) to upgrade the IT system that is used to handle PAYE tax and national insurance details could result in temporary interruptions to the service.

HM Revenue and Customs (HMRC) has said that it is looking at making changes to the way that expenses and benefits provided by employers are handled for tax purposes.

The amount of tax which small firms have asked to delay paying under the government’s Business Payment Support Service has risen to £2.5 billion.

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