HMRC re-launch service to help small businesses
HMRC has re-launched a digital interactive publication known as Supporting Small Business. The publication contains links to new products and services for small businesses. It also explains how HMRC is delivering new and enhanced digital services, delivering better help, support and guidance, supporting business to grow, modernising processes and services and listening and learning.
The paper gives details of reliefs and allowances 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. In addition, the paper looks at the introduction of ‘Your Tax Account’ a new service that will enable small businesses to manage their tax affairs from one personalised homepage. The service has already been used by more than 440,000 small businesses.
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.’