Tax

The tax section features news and in-depth guides for UK small businesses and start-ups needing support on how to navigate the sometimes complex landscape of business taxation. The articles offer help with VAT, R&D tax reliefs, tax planning, compliance with tax regulations, and engaging in tax-efficient practices.

Labour pledges to scrap IR35 rollout to business … and then backtracks

Shadow small business minister Bill Esterson says Labour will review IR35 tax changes as they are rolled out to business, but backtracks on pledge to scrap

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Sajid Javid cools talk of raising national insurance threshold to £12,500

Tory move to lift national insurance threshold to £12,500 would put nearly £700 each in the pockets of millions of small business workers

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Small businesses call for HMRC to delay IR35 tax change

Federation of Small Businesses warns that corporates will pull plug on employing sole traders if controversial IR35 tax change goes ahead in April 2020

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It’s time for a modern tax system that works for the self-employed

IPSE's Chris Bryce shares his thoughts on creating a new tax system that will work for self-employed people

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Partnership tax – an end to the favourable tax treatment of partnerships?

Partnership tax could increase if proposals for a hike national insurance contributions go ahead. George Bull of RSM argues against.

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6 tax breaks every small business should know about

You could add thousands of pounds to your small business bottom line by applying these little-known tax breaks.

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Call for Treasury to simplify small business tax regime

Home Secretary Sajid Javid launches report arguing that tax system should be boiled down into simple turnover levy on SMEs earning less than £1m

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Why small businesses are missing out on millions in R&D tax credit relief

Failed innovations can still reward a business’s bottom line, providing extra capital which can be reinvested through the research and development (R&D) and Patent Box tax credits. Mark Tighe explains.

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Call for Treasury to simplify small business tax regime

Home Secretary Sajid Javid launches report arguing that tax system should be boiled down into simple turnover levy on SMEs earning less than £1m

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Why small businesses are missing out on millions in R&D tax credit relief

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HMRC under fire over IR35 off payroll consultation

HMRC is looking for input to a consultation on the workings of IR35 - the off payroll working rules due to impact the private sector from April 2020.

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Making Tax Digital exemptions deadlines are unrealistic

Guidelines for those wishing to register as exempt for Making Tax Digital have been announced but these leave little time to apply according to one tax body

Tax