HMRC tightens the pressure on businesses

Some people feel that the dilemma for HMRC, in the light of falling tax receipts, is deciding if a business (a) is using the scheme as a convenient cashflow source, or (b) is waiting for definite cash inflows to arrive and hence needs time to pay its tax, or (c) HMRC is unwittingly acting as life support for the particular business.

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Plans to simplify Britain’s tax system

Treasury Exchequer Secretary David Gauke said a complex tax system created “uncertainty and instability”, sending the wrong signal to businesses wanting to invest in Britain.

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