Government Initiatives

Trade credit insurance scheme starts up

Businesses that are facing cuts in the level of available credit insurance cover can begin to make use of a new government support scheme from 1 May.

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More tax help for struggling businesses

Businesses that believe they will make a trading loss in the current tax year can ask HM Revenue and Customs (HMRC) to take the anticipated loss into account as part of any rescheduling of their corporation tax or income tax payments.

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Hopes that credit insurance scheme will boost cashflow

The government has introduced its trade credit insurance scheme in the hope that it will ease cashflow problems for firms.

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Tax relief for loss-making firms should go 'further'

Once profitable businesses that are now suffering losses as a result of the recession were offered some relief in the Chancellor’s Budget.

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Government announces strategic business plan

The government has set out plans for extra investment in the UK’s business and industrial future.

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Small firms must have fairer chance sooner to win public contracts

The Chancellor should bring forward plans designed to help more small businesses win government contracts in the Budget, the Forum of Private Business (FPB) has said.

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Small business lending needs greater 'scrutiny'

The government has been urged to clarify the levels of lending that banks are making to small businesses.

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VAT cut has 'boosted' spending

Last December’s reduction in VAT from 17.5 per cent to 15 per cent has had a measurable effect on consumer spending, a think tank has claimed.

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Business rates rise to be staggered over three years

Businesses have been given a reprieve from the 5 per cent rates rise due this month.

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Government announces simplified business support service

Businesses will find it easier and quicker to gain access to government support schemes under a new simplified system.

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