Business tax

Digital tax pilot begins

HMRC has launched the Making Tax Digital pilot which will allow individuals and businesses to trial digital tax reporting.

Corporation tax rate falls to 19%

The tax rate for corporation tax is now 19% for 2017/18.

Business rates revaluation from 1 April

The next business rates revaluation will take place on 1 April 2017.

Business premises renovation allowance ends

Business premises renovation allowance ends on 31 March 2017 for corporation tax and 5 April 2017 for income tax.

VAT thresholds from 1 April 2017

The taxable turnover threshold for registering for VAT will increase from £83,000 to £85,000 from 1 April 2017.

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