PracticeConsultingHague calls for rural VAT help

Hague calls for rural VAT help

Leader of the opposition William Hague today demanded VAT refunds to help businesses hit by foot and mouth.

Prime minister Tony Blair has already begun implementing a £25m scheme to bail out companies with cash crises.

But Hague called for interest free government loans totalling £500m to be made available for troubled businesses such as shops, restaurants, and hotels.

Speaking in Gloucester, Hague said: ‘I am calling on the government to take other steps to ease the cash flow of businesses suffering the knock on effects of the foot and mouth crisis.’

Hague also called for the prime minister to instruct Customs & Excise to speed up VAT refunds and make an immediate refund of one month?s average VAT liabilities to affected businesses.

And, according to the Conservative leader, the Inland Revenue should accept applications for reduced tax payments on accounts for farms and tourist businesses whose profits have tumbled as a result of the crisis.

He also said the army should be put in charge of the battle against the epidemic, though later an army chief claimed it was right that it was a Maff led operation.

Links

Rural firms facing threat to fees

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer