The vast majority of UK businesses believe the cost of complying with the UK tax system has escalated over recent years, according to new research released today by the British Chambers of Commerce (BCC) in partnership with Avalara.
Commenting on the passage of amendments to the Customs Bill, which commit the government to fully separating the UK from the EU VAT regime, Adam Marshall, Director General of the British Chambers of Commerce, said:
Chamber business leaders from across the United Kingdom have today written to the Prime Minister calling for a renewed focus on tackling the barriers to growth and investment in the United Kingdom - and a radical plan for action.
Every year, following the 31 January Self Assessment (SA) deadline, HM Revenue and Customs (HMRC) receives a number of imaginative and intriguing excuses for not completing tax returns on time. Each year also sees some widely optimistic expense claims. Recent excuses include:
A new online tax forum and dedicated webchat service for small businesses and the self-employed is being launched today by HM Revenue and Customs (HMRC). A new online tax forum and dedicated webchat service for small businesses and the self-employed is being launched today by HM Revenue and Customs (HMRC).
A director who failed to keep proper business records has been convicted of breaches of the money laundering regulations (MLR) involving an estimated £170,000, in the first prosecution of its kind by HM Revenue and Customs (HMRC).
There are just days left to send your 2012/13 paper tax return to HM Revenue Customs (HMRC), if you want to beat the 31 October deadline and avoid a penalty.
A new crackdown on tax evasion will make information on all credit and debit card payments to UK businesses available to HM Revenue and Customs (HMRC) for the first time.