Payment Support Service from HMRC expands.
HMRC's Business Payment Support Service, which helps businesses spread their tax payments over a more convenient timeframe, will be expanded.
Businesses expecting to make losses in accounting period or tax year 2009-10 will be allowed to offset these loses against corporation and income tax bills due on profits from the previous period or year. This means that businesses may be able to reduce their upcoming tax payments.
For further details or advice, please call Jan on 0800 6123082.
Lending fell by £4.3 billion, pushing the annual decline to 8.1 per cent - the biggest drop since records began in 1999
HMRC's Business Payment Support Service, which helps businesses spread their tax payments over a more convenient timeframe, will be expanded.
HMRC has indicated that from 1st April 2010 it is expected that the majority of VAT registered businesses will be required to file their VAT returns online.
Under normal circumstances heating systems have been considered as part of a building and not part of a business's 'plant' and so tax deductions could not be made on improvements or replacements.
