Tax
UHY: Businesses overpaid £11.5bn in corporation tax last year
UHY Hacker Young, who conducted the research, said that a lot of businesses have ‘not filed their tax returns covering the full lockdown period yet’ and with many businesses unable to trade over the past year, the group believe it is likely that some companies will be facing ‘big losses’
Businesses claimed back £11.5bn in overpaid corporation tax from HMRC last year, as the amount of overpaid corporation tax repaid to businesses rose by 26%, up from £9.1bn the year before, according to research by UHY Hacker Young.
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