Business tax

£14 billion could be raised by doubling rates and cutting exemptions.

Most early cancellation fees are liable for VAT.

How payments for redundancy are taxed.

Chancellor wants to ensure the system is fit for purpose.

More than 95% of tax owed in 2018/19 was collected.

Temporary measures set to be announced in early July ‘fiscal event’.

As HMRC resumes investigations, here’s how businesses can prepare.