Government to simplify corporate tax regime for small businesses

The Treasury has today responded to the Office of Tax Simplification’s (OTS) major new report, simplifying tax for smaller businesses.

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MP’s calling for more to be done to help the high street

MP’s are backing calls for changes to the current tax regime in a bid to halt the current decline in UK high streets and town centres and allow them to flourish in the future.

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Could corporation tax cuts lose the UK £6.2 billion a year?

Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year.

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