Tax News - May Newsletter 2009

Although this year's Budget seemed relatively light on prominent issues for small businesses compared to the changes in Mr. Darlings first attempt last year, on further investigation into the detail there are a number of changes affecting small business across the UK.

Please see our feature below.

Small businesses ignored by budget, claims FPB
Chancellor Alistair Darling's 2009 budget address ignored the needs of the UK's small business community, it has been claimed... read more

Govt unveils £750m 'strategic investment' for businesses
A new £750 million strategic investment fund for businesses was announced at Chancellor Alistair Darling's budget speech yesterday... read more

Partnerships warned over personal liability 
Partnerships have been warned to safeguard their business from the possibility of personal liability during the recession... read more

Worst of recession over, claims CBI
The worst of the recession has passed with economic recovery now on the horizon, it has been claimed... read more

A number of beneficial changes affecting business include the improvement of the extension of  the loss relief rules, extending the original loss making period announced in the Pre budget report from one year to two years.

The Chancellor also announced the Business Payment Support Service is now being extended for those businesses which are genuinely unable to pay their outstanding liability immediately or enter into a reasonable time to pay arrangement......  read more