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Corporation tax

Queen’s Speech confirms tax plans

The government used the Queen’s Speech to flag up measures aimed at reforming the tax system for both businesses and individuals in order to make it “fairer and simpler”.

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Chancellor planning long-term cuts in corporation tax

The Chancellor, George Osborne has pledged that the government will simplify the business tax system and will introduce a five-year plan to reduce corporation tax.

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A New Budget: 22 June 2010

HMRC publishes list of corporation tax software

HM Revenue and Customs (HMRC) has issued an updated list of software that is compatible with filing online company tax returns in the iXBRL format.

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What the political parties are promising

With the election looming, the main political parties have outlined what they intend to do on business support and tax.

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Penalties for late returns

The tax system has many fines and penalties for those that do not file or pay on time. Make sure you do not become liable to any of these fines or penalties.

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