Feeds

Chancellor's cuts should spare small biz

Pretty please with a cherry on top

Build a business case: developing custom apps

Ending tax relief for small business will send thousands of small companies into administration, the Chancellor is warned today.

The Time to Pay scheme was introduced to help offset the impact of the credit crunch in late 2008. It allows small firms to defer tax payments and has already been used by 200,000 firms which have pushed pause on £5bn in payments to the Inland Revenue.

The numbers come from the Forum of Private Business, which found Time to Pay is the most popular measure with business owners. Its latest poll also found an impressive 60 per cent of respondents believe the Revenue has been supportive in recent months.

Only three per cent of companies complained of difficulties accessing the scheme.

The Forum is calling on Chancellor George Osborne to keep the tax deferral scheme in place despite pressure to make savings in the budget. It said its members understood the need to cut the deficit but the tax scheme remained a lifeline for many firms still struggling to get out of the recession. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?