PracticeConsultingTories plan foot-and-mouth amendments

Tories plan foot-and-mouth amendments

The Tories are planning a series of amendments to the Finance Bill in a bid to help farming and tourism businesses hit by the Foot and Mouth epidemic.

Shadow Tory finance spokesman Oliver Letwin called for special measures during the second reading debate on the Bill in the Commons this week as MPs prepared to leave Westminster for their Easter holidays.

The package includes measures to accelerate VAT refunds owed to hoteliers or farmers with a bed and breakfast business, designed to improve their cashflow.

Letwin also said measures should be introduced to help and other sole affected traders who, under current rules, might be forced to make income tax payments that they do not in the event become eligible to pay.

Links

Rural business urged to talk to banks

Foot and mouth loan scheme widened

Foot-and-mouth hits a fifth of companies

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