Thinking of starting a new business? Wondering what you need to know about the tax system? A new pack launched today by Customs & Excise and the Inland Revenue provides the answers.
The new ‘Starting a Business?’ pack, which brings together essential tax information for people interested in starting up a new business, is available from the Inland Revenue’s Employers Orderline on 08457 646 646 or from your local Business Advice Centre.
Urging all those thinking of setting up in business to get a copy of the pack, Paymaster General, Dawn Primarolo said today:
“People need to know where to go for information and advice when considering launching a new business. The ‘Starting in Business?’ pack is a ‘one stop shop’ – reducing the burden on business and the need for contact with several different Government organisations”.
This is only one part of our overall commitment to providing better and more targeted education and advice for fledgling businesses. We also run Business Advice Open Days around the country which promote local business initiatives”.
The CEO of the newly-formed Small Business Service, David Irwin, praised the initiative:
“Starting a new business can be a daunting task. The potential business owner has many questions. Everything that can be done to simplify the process is welcome.”
“I am extremely pleased that the revenue departments have worked together to ensure that the information people need when they are considering starting a business is readily available for them”.
Notes for Editors:
1. The pack was produced in consultation with the DTI and the Small Business Service. The pack can be ordered from the Inland Revenue orderline on 08457 646 646 or from your local Business Advice Centre (look under HM Customs and Excise in your local phone book).
2. Customs and Excise run Business Advice Open Days around the country for those people running small businesses or considering starting a business. For details of your nearest Business Advice Open Day visit our website: http://www.hmce.gov.uk
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals