Business tax

Think tank urges for single 30% income tax rate

21 May 12

A new single income tax rate of 30 per cent should replace and abolish eight different taxes, a report by a Government think tank has said.

Cameron: Continued austerity measures and increased credit for businesses

18 May 12

Prime Minister David Cameron has said the Government will refuse to back down on deficit reduction plans and pledged to boost credit for businesses and households, in a speech made yesterday on the UK's economy.

Northern Ireland corporation tax cut could 'change economy overnight'

16 May 12

Pressure on the Treasury to allow Northern Ireland the power to set its own rate of corporation tax is mounting, after the Confederation of British Industry (CBI) said a lower rate could improve the country's economy 'overnight'.

Small businesses struggling with ineffective infrastructure

15 May 12

Rising energy costs and access to effective telecommunications, including broadband and mobile phone reception, have topped the polls as some of the most important infrastructure issues for small businesses, new research from the Forum of Private Business (FPB) has found.

HMRC's tax tests for contractors criticised

11 May 12

HMRC has come under fire over the release of new guidance for contractors and freelancers on the complex tax legislation IR35.