Business tax and the Budget
Chancellor Philip Hammond has put forward his proposals for the future in today’s (November 22) Budget and said he recognises the great pressure small businesses in the UK are under.
Darren Specterman Blog |
Chancellor Philip Hammond has put forward his proposals for the future in today’s (November 22) Budget and said he recognises the great pressure small businesses in the UK are under.
With beer sales falling by 35 million pints in British pubs in the three months to September, the British Beer and Pub Association (BPA) is calling for Chancellor Philip Hammond to cut duty on beer by a penny a pint in his forthcoming Budget.
The British Chambers of Commerce (BCC) has added its voice to the growing petition to Chancellor Philip Hammond urging him to abandon the annual uprating of business rates for the next two years.
Ahead of Chancellor Philip Hammond’s Autumn Budget next month, a number of organisations involved in the energy sector have called on the Government to strengthen a carbon tax that has driven a dramatic collapse in coal power generation, saying that it is essential for the shift to cleaner energy.
There is a coming revolution in retail and it is attributable to advances in technology, from augmented reality, to payment via apps or mobile phones and wireless tagging of stock.
The European Commission’s (EC) competition regulator has called on the Government to defend its business rates regime after complaints that the charges, which are managed by the Valuation Office Agency (VOA), were being abused to provide “illegal state aid” to BT.
Chancellor Philip Hammond has defended people who go into business to make a profit, saying that the free market economy liberates people and businesses whose taxes pay for the UK’s public services.
Recent research has found that buy-to-let taxes are causing widespread confusion, with 74 per cent of landlords surveyed saying that landlord property taxes are not clear enough.
Recent research has found that legal and accountancy businesses in the UK generated £15.5 billion for the Treasury in 2015/16, including £6.4 billion in taxes immediately borne by businesses and £9.1 billion in related taxes.
HM Revenue & Customs (HMRC) has launched a Small Business Online Forum where small businesses and the self-employed can get answers to their tax questions and can discuss other topics, from selling services abroad to getting help starting up.
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