Welcome to your December 2013 Key Messages
Chancellor’s Autumn Statement: 5 December 2013
Free
help from HMRC on Small Business Saturday 7 December 2013
As part of
the first ever Small Business
Saturday new businesses can get help by taking part in one or
more of the four free live tax webinars (online presentations) on offer from
HMRC on 7 December. The programme of webinars, which runs between 10am and 5pm, is
aimed at new businesses and people thinking about starting up in business. Each
live webinar lasts an hour and gives the opportunity to ask questions.
Campaign to support
businesses was announced on 6 November 2013
In December a cross-government strategy on small business support will be
published. The Business is
GREAT campaign is part of the strategy and is aimed at the 4.9
million small businesses in the UK. The announcement will detail a number of ways in
which businesses can be helped to establish themselves and encourage growth by
improving access to finance and help to export and innovate.
National Insurance Contributions
(NICs) cuts introduced in April 2014
Across the UK 1.25 million small businesses and
charities will benefit
from the new Employment Allowance on employer NICs to be introduced in April 2014.
National Minimum Wage:
Rogue businesses named and shamed!
From October 2013 employers who fail to pay the NMW
will be named
and shamed under revamped plans to make it easier to clamp down on rogue
businesses.
Credit/Debit transactions
tracked by HMRC
A new crackdown on tax evasion will make information
on all credit and debit card payments to UK businesses available to HMRC for
the first time.
Stay Safe Online help
Cyber
crime and security is something which affects many small businesses. Over the
last year alone 87 per cent of small businesses suffered a cyber security
breach at an average cost of between £35,000 and £65,000. There are some simple things you can do to stay safe online and you may also find
these external
links useful; however they are not under HM Revenue & Customs
control and it is not responsible for their content
Reporting
change
Just a quick reminder on how and when individuals
and businesses should report changes
in their circumstances to HMRC.
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