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Businesses encouraged to join Government’s prompt payment drive

7 Feb 12

The Department for Business Innovation & Skills (BIS) is launching a new initiative to promote wider cooperation between businesses and suppliers so that payments are received on time.

P45 tax form to remain

7 Feb 12

Plans to replace to the current P45 tax form with a new 'leaver statement' have been scrapped following a consultation about HMRC's introduction of its Real Time Information (RTI) programme.

HMRC business record checks halted

6 Feb 12

HMRC has announced it will delay the implementation of its business records checks (BRC) programme, following a review with trade and professional bodies' representatives.

Record number of self-assessment tax returns were filed on time

6 Feb 12

A record 9.45 million self-assessment tax returns were filed on time this year, with a record 7.65 million (80.9 per cent) of them filed online, says HMRC.

Government under fire over latest tax avoidance scheme

3 Feb 12

The Government has been heavily criticised after it was revealed that the Student Loans Company CEO was being paid via an agreed tax avoidance scheme.

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