Feeds

Chancellor's cuts should spare small biz

Pretty please with a cherry on top

Secure remote control for conventional and virtual desktops

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. ®

The essential guide to IT transformation

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
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

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.
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?