Small businesses owners have called for the taxman’s “hugely popular”
time-to pay scheme to be increased or retained.
A Forum of Private Business poll
found 66% had given their backing to the tax deferral scheme which has let
businesses stagger more than £5bn of tax bills to date.
“Most of the Government support schemes we listed drew a pretty apathetic
response but Time to Pay proved hugely popular, as did 10-day payment by public
bodies,” said FPB research manager Thomas Parry.
“This reinforces the theme of business owners knuckling down and
concentrating on essential, day-to-day financial concerns in order to ensure
their firms’ survival.”
The FPB’s quarterly Referendum ballot also found
that only 22% are factoring the Budget in their plans for 2010.
Parry, said: “I think there’s a certain amount of cynicism about this year’s
Budget and this research reflects that.”
“A lot of business owners are simply presuming that there’s going to be
another budget straight after the election so they’re not paying it too much
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies