The Department for Business Innovation & Skills (BIS) is launching a new initiative to promote wider cooperation between businesses and suppliers so that payments are received on time.
Plans to replace to the current P45 tax form with a new 'leaver statement' have been scrapped following a consultation about HMRC's introduction of its Real Time Information (RTI) programme.
HMRC has announced it will delay the implementation of its business records checks (BRC) programme, following a review with trade and professional bodies' representatives.
A record 9.45 million self-assessment tax returns were filed on time this year, with a record 7.65 million (80.9 per cent) of them filed online, says HMRC.
