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VAT

Small businesses prepared to pay for tax simplification

Small business owners would be willing to dip into their own bank accounts in order to bring about a fairer and less complex tax system, a new survey has claimed.

VAT and fuel duty pose greater threat to small firms than harsh winter

The severe weather has had an adverse affect on many small firms but not so significant as recent tax rises, a new study has claimed.

Online VAT repayment returns will earn firms extra time

HM Revenue and Customs (HMRC) have reassured firms that filing a repayment VAT return online will allow an extra seven days in which to submit the return.

Retail sales likely to be hit by VAT rise

The rise in the standard rate of VAT, from 17.5 per cent to 20 per cent, is likely to hit retailers, a new study has suggested.

VAT hike means people will work longer to pay their taxes

It will require an extra three days for taxpayers to reach that point in the year when they will have earned enough income to pay their tax bills, the Adam Smith Institute has said.

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