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The Government has made a commitment to businesses in the UK to make the tax system easier to understand and use. This will reduce the cost of administration for businesses and make it easier to remain compliant.

HMRC has introduced a range of measures to improve the current tax system, which will start to take place as of this year. These include improved support for companies, the introduction of simplified tax rules and improvement of current services.

Improvements to be made
HMRC is launching an online account for each business, allowing them to take control of their tax affairs. A homepage will be personalised for the business and provide access to support and guidance, making it simple to deal with tax affairs.

Support has been improved, which includes online webinars, YouTube videos that outline instructions for various processes and more. Any business can register to take part in the live demonstrations online. Various topics are covered, including international trading, VAT and self assessment. Pre-recorded webinars are also available on many subjects.

HMRC is likewise utilising the benefits of the digital approach as it launched the email service to help businesses. Email is a favoured means of communication for many companies, as it allows them to access help when and where they need it, without lengthy telephone calls and waiting for letters to arrive in the mail. Various topics are available and once you have selected those you are interested in, emails will be sent out to you containing structured guidance on each topic.

Social media is another communication medium being used by HMRC, with a Twitter account to provide help and support. Questions and answers based on popular topics are covered on Twitter, along with tweets from the Small and Medium Enterprise education team.

Smartphone apps are available to help small businesses to keep accurate business records.

Agents will also be receiving help and support from HMRC, as the organisation recognises the valuable contribution made by agents to help the tax system operate successfully.

Time To Pay is another service which has proved to be popular with small businesses. HMRC introduced this service to help firms through difficult periods, allowing companies to spread payments over a specified period of time.

HMRC is working hard to simplify tax rules and make it easier for a small business to comply with legislation. However, with so many rules and regulations, it can be simpler to outsource to a professional.

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About The Author

Karl Bilby

We work very closely with our expert accountants to bring you the latest factually correct tax and accounting news. We also enjoy writing about small business news that we hope you find useful!

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