Small businesses can deliver a strong economic recovery if they are given the chance to grow and flourish.
The FSB–ICM ‘Voice of Small Business' Annual Survey reveals positive early signs for business investment, growth and employment; these trends now need to be nurtured with the right tax regime. While it might be tempting for current and future
governments to see tax increases on business as a convenient route to reducing the public-sector deficit, research commissioned by the FSB clearly shows that this could stop any recovery in its tracks.
New PAYE Tools for Employers
HM Revenue & Customs (HMRC) has launched ‘Basic PAYE Tools' to help employers run their payroll systems.
The new online resource replaces HMRC's popular Employer CD-ROM. It includes all the CD-ROM's interactive features plus an automatic update facility, to ensure the tools are up-to-date with the latest information and figures.
Employers who have used the CD-ROM will need the new tools for the remainder of the 2010-11 tax year and for future tax years. The tools can be downloaded by visiting www.businesslink.gov.uk/basicpayetools.
For more information read the full press release below or visit the HMRC website.
New PAYE Tools press release
News and Events
HMRC event dates
HMRC run a number of events for business owners, dates and venues can be found below.
Notts Area
East and West Midlands
Launch of Office for Tax Simplification
The Chancellor and Exchequer Secretary launched the Office of Tax Simplification yesterday (20 July 2010) to provide the Government with independent advice on simplifying the UK tax system.
The Office has been established as an independent Office of the Treasury and will draw together expertise from across the tax and legal professions, the business community and other interested parties. Rt Hon Michael Jack and John Whiting have been appointed to lead the Office on an interim basis.
Full press release
HMRC events
The Revenue & Customs Advice Team are running a number of workshops in Nottingham to help small businesses in the region.
HMRC Notts Events
Business Payment Support Service
Earlier this month HM Revenue & Customs' Business Payment Support Service (BPSS) reported that it has helped 17,700 East Midlands businesses reschedule £291 million of tax in its first 15 months. Of the businesses included 4,530 are based in Nottinghamshire and 4,700 in Derbyshire.
HMRC 'Super Podcast'
HMRC experts Stephen Banyard and Don Macarthur discuss forthcoming changes to VAT, PAYE and Corporation Tax filing on the HMRC website.
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Useful links
FSB reaction to the Chancellor's Budget 2010 - full response
The Chancellor of the Exchequer presented his Budget to Parliament on 24 March 2010. The Budget has provided welcome news on helping to improve small business cash-flow but the increase in NICs will be bad for job creation.
Read the FSB's full repsonse to the Budget 2010
All of the published Budget Notes, Press Notices and other supplementary documents are available on the HMRC website. Additional publications relating to the Report are also be available from the HM Treasury website.
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