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VAT rise could put pressure on smaller firms

As many as one in three of small businesses will struggle to cope with the recent VAT rise, a new survey has claimed.

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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.

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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.

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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.

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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.

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