HMRC miscalculated the number of small firms affected by the new EU VAT rules by more than 10,000%, according to a report by Enterprise Nation.
A host of new tax changes affecting businesses and individuals have come into effect on 1 April. Here is a quick breakdown of the changes and how they may affect you.
Draft legislation that will see the devolution of tax powers to Scotland has been published by the UK government.
Half of small businesses spend between two and eight hours each month trying to understand and calculate their taxes and complete their returns, a survey by the Federation of Small Businesses has found.
HM Revenue and Customs (HMRC) needs to do more to tackle VAT fraud and the emerging threat of losses from online trading, a report by the National Audit Office (NAO) has advised.
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