Business tax

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

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

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.

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