Business News

The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

HMRC business record checks halted

06 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

06 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

03 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.

Policy maker accuses banks of failing businesses

03 Feb 12: Dr Adam Posen, a member of the Bank of England's Monetary Policy Committee, has lashed out at banks for not lending enough to small and medium-size enterprises, calling them 'reluctant risk adverse jerks'.

IFS argues for major Budget tax cut

02 Feb 12: The Institute of Fiscal Studies has argued that taxes in the upcoming March Budget could be viably cut in order to boost the economy.

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