Business tax

Companies House has stepped up its efforts to warn firms that they face more punitive penalties for the late filing of annual accounts.

Firms could be facing a huge tax bill on their car parking spaces if a new levy goes ahead, it has been claimed.

HM Revenue and Customs (HMRC) has published a draft of a taxpayers’ charter and is inviting the views of the public and businesses on it.

The CBI has called on the government not to consider axing the research and development tax credit scheme as a way of saving money.

A small business group has urged that firms be given a say on how the money raised through proposed changes to business rates will be spent.