The government is currently undertaking a fundamental review of the current business rates system, including ideas for possible change and a number of alternative taxes. Conclusions and any changes are likely to be forthcoming in Spring 2021. Many businesses feel that the current system for calculating business rates is antiquated…
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Interest paid on loans used for qualifying businesses purposes should be eligible tax relief and can save up to 45% of the cost of the interest. The repayment of the capital element of a loan is never deductible for income tax relief purposes. However, interest paid on loans to a…
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When the CJRS was first announced on 20 March it was made clear that in many cases the funds received would be taxable in the hands of the recipient. These packages alone now have made quite a dent in the treasury; it is perhaps no surprise that the Government is…
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