Business tax

Local councils are expected to collect a record £23.5 billion in business rates by 2017.

The incoming legislation requiring small businesses to digitally submit their information quarterly will lead to previously compliant individuals becoming non-compliant, according to The Low Incomes Tax Group.

The Charted Institute of Taxation has responded to the new measures published in the Finance Bill 2016 to improve tax compliance.

The number of recipients of taxable benefits in kind remained steady at 3.7 million in the 2012/13 tax year, the latest figures by HMRC shows.

A new plan to boost investment in research and development for smaller businesses has been launched by the government.

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