In the pre-Budget report, chancellor Gordon Brown introduced a range of options to help smaller firms. This included an increase in the number of companies eligible for the guarantee scheme. Across the country’s 2,000 enterprise areas, the government claims that an extra 25% of businesses will be able to join the scheme from April 2003.
This will add to the demonstration projects just starting around the country designed to help small companies understand and access the different finance options available to them. These projects are also to be reviewed and extended if they prove successful along with other advice and training schemes that are to be launched for small businesses.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory