Feeds

Chancellor's cuts should spare small biz

Pretty please with a cherry on top

Security for virtualized datacentres

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.