Customer Service
- HMRC Customer Service has been improved with more staff and longer opening hours
- Customer service can be accessed via phone, web chat and Twitter
Small Business Partners
- Small businesses can find business partners through Growth Hubs in England
- All business partners have received small business support packs to support them
- This will help them in partnering up with small businesses to provide them with growth options
Tax Relief
- For advice on tax relief you should consult your tax advisor
- Tax relief known as Entrepreneurs’ relief gives you a 10% Capital Gains tax relief when you sell your business
- Small Business Research and Development Relief is available as tax relief or credit for research and development costs
- Employment Allowance also applies to smallbusiness when they employ another member of staff other than themselves
- This tax relief helps small businesses to hire employees especially those under 21 (they are exempt from NICs)
Small Business Investment Schemes
- Online system for small business owners to access some Investment Schemes
- Investment Schemes for small businesses include the Enterprise Investment Scheme, Venture Capital Trust Scheme and Seed Enterprise Investment Scheme
- The Annual Investment Allowance funds small businesses that need capital to invest in new plant and machinery