The Financial Secretary to the Treasury David Gauke, met with local businesses today (Wednesday 4 February), as he marked 2 million businesses using HMRC’s online tax account.
The Treasury minister met local business owners to discuss the government’s support for businesses in the local area.
Whilst in Leeds, he also announced that more than 2 million users have now signed up to HMRC’s online tax account – Your Tax Account.
Launched in May 2014, Your Tax Account allows small businesses to access everything they need to manage their tax affairs from a single, secure, online space – helping them save valuable time and money.
Financial Secretary to the Treasury, David Gauke said:
I am delighted to be here in Leeds to meet the local businesses that are helping to drive the economy in Yorkshire.
Small and local businesses are the backbone of our economy, and the government is working hard to create the right conditions for them to prosper.
This is why we introduced Your Tax Account – it makes it easier to manage your tax affairs, helping save valuable time and money.
Supporting small businesses is at the heart of the government’s long term economic plan. This is why in December last year, the government announced £1 billion of measures to help businesses – helping 1.8 million firms.
an additional £500 business rate discount for retail and food and drink businesses with a rateable value below £50,000 based on the high street – supporting 30,000 small high street businesses
doubling of small business rate relief for a further year to 31 March 2016 to provide support for 575,000 of the smallest businesses, and ensuring 385,000 small businesses pay no rates
capping the rise in the business rates multiplier to benefit all businesses
extending transitional rate relief to support 16,000 small business facing significant bill increases due to the ending of transitional rate relief