Companies lose Corporation Tax deductions case

A First Tier Tribunal has this week dismissed an appeal lodged by three companies who had sought to deduct Corporation Tax on contributions to Employee Benefit Trusts (EBTs).

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VAT rules need to be updated, Treasury advisor insists

The current VAT system is in sore need of reform, the Office of Tax Simplification (OTS) has argued.

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CIOT concerned about the implications of FRS crackdown

The Chartered Institute of Taxation (CIOT) fears that efforts to tackle businesses accused of misusing a VAT simplification scheme could cause harm to many entirely innocent firms.

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Lingering concern about firms unaware of MTD

One in five of the UK’s micro-businesses know nothing at all about the Government’s flagship Making Tax Digital (MTD) initiative.

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Chancellor’s Budget must be “unashamedly pro-business”

Some of the UK’s most influential business groups are urging the Chancellor to take steps to ease the burden on firms in his upcoming Budget speech. Philip Hammond is due to step up to the despatch box on March 8th

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CIOT calls for ministers to improve the standard of tax-making policy

Officials at the Chartered Institute of Taxation (CIOT) have said that the Government should use its upcoming Budget as “a springboard” for a change in direction on tax. 

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UK will go on being a great place for business insists Chancellor

Chancellor Philip Hammond this week made clear that the Government would take decisive steps to ensure Britain remained attractive to global businesses, even if it was unable to achieve the trading relationship it wanted following Brexit negotiations.

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Britain’s largest businesses make sizeable contribution to tax receipts

New research has revealed that the UK’s biggest firms contributed more than £80billion in tax over the course of 12 months.

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Reporting requirements will put extra strain on businesses which are already tax-compliant

Concerns have been raised that additional reporting requirements relating to corporation tax may put an undue burden on many businesses. Details of a number of new rules have been laid out in the Finance Bill 2017, with the Government arguing

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Chancellor sets out his stall for business in Autumn Statement

The Chancellor has said it is his priority to ensure that Britain remains the number one destination for business.

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