Potential tax change could prevent smaller businesses losing out
Potential tax changes could help smaller businesses losing out in the future
Potential tax changes could help smaller businesses losing out in the future
The government announced that an extra £617 million will be made available to help small businesses who share office space and didn’t qualify for the business grant funds scheme.
HMRC has confirmed that the current rules on trade, travel, and business will continue to apply until the end of the Brexit transition period on 1 January 2021.
How property used in a business is held, can have a significant impact on your tax position.
This new charge will apply to certain loans to directors and employees that are still outstanding on Friday 5 April and new arrangements put in place after that date.