HMRC spells out help for small business
HM Revenue and Customs (HMRC) has re-launched Supporting Small Business, which lays out how the department is making tax easier, quicker and simpler.
David Gauke, the Financial Secretary to the Treasury, said:
The 5 million small businesses in the UK want as simple a tax system as possible and as a Government we have made it a priority to create a modern, efficient, competitive, user-friendly tax system in the UK.
Supporting Small Business is a digital, interactive publication, containing links to new products and services for small businesses. It explains how HMRC is:
- delivering new and enhanced digital services
- delivering better help, support and guidance
- supporting business to grow
- modernising processes and services
- listening and learning
The paper gives details of support such as the Employment Allowance, which enables businesses to reduce the amount of employer National Insurance contributions they pay for their employees by up to £2,000. Around 850,000 employers have already benefited from the Employment Allowance.
Supporting Small Business also looks at the introduction of Your Tax Account, a digital service that allows small businesses to manage their tax affairs in a single place online via a personalised homepage and gives access to online services and information. More than 440,000 businesses are already using the fast-growing service.
The Supporting Small Business publication is available here. Further information on HMRC business support is available here.