Government Announcements

Spotlight - Government Announcements

Loan scheme for small businesses launched

A new Government backed loan scheme worth £20 billion aimed at boosting lending to small and medium-sized enterprises (SMEs) has been launched by the Chancellor.

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Government pledges to double contracts with SMEs

The Government plans to double its spending on public sector contracts awarded to small and medium sized enterprises (SMEs), from £3 billion to £6 billion, it has announced.

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SMEs urged to embrace overseas trading

Small businesses in the UK should take advantage of trade opportunities in the EU and on a global level to boost company growth and the UK economy, says business and enterprise minister Mark Prisk.

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£4 million of red tape cuts for businesses

Businesses in the UK will save around £4.17 million if the Government sticks to plans to cut regulatory burdens between January and June 2012, a new report published by the Department for Business, Innovation and Skills (BIS) says.

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Additional £1 billion for business growth fund

The Government will pump an extra £1 billion into its Regional Growth Fund which aims to support businesses by boosting employment and economic growth, it has announced.

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New HMRC taskforces to target market and auto traders

HMRC is to launch 30 new taskforces in 2012/13 which will specifically target market stall holders, car sales people, and rag traders as it continues its clampdown on those who attempt to dodge the tax man.

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New lenders join SME finance scheme

Four new accredited lenders will join the Government's Enterprise Finance Guarantee (EFG) scheme to offer loans to small and medium sized enterprises (SMEs.

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P45 tax form to remain

Plans to replace to the current P45 tax form with a new 'leaver statement' have been scrapped following a consultation about HMRC's introduction of its Real Time Information (RTI) programme.

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HMRC business record checks halted

HMRC has announced it will delay the implementation of its business records checks (BRC) programme, following a review with trade and professional bodies' representatives.

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Government under fire over latest tax avoidance scheme

The Government has been heavily criticised after it was revealed that the Student Loans Company CEO was being paid via an agreed tax avoidance scheme.

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