The Association of IFAs (AIFA) has expressed its "delight" at Government measures designed to help small businesses survive the economic turmoil.
It describes a decision to defer an increase in Corporation Tax in particular as "a positive step" and praises the Government's commitment to keep banks lending to smaller firms. However, it says the Corporation Tax move may not have the intended impact as the Government opted not to defer a review of business rates. In today's Pre-Budget Report (PBR), Alistair Darling unveiled a package of measures for small and medium-sized businesses (SMEs). The Chancellor said firms could have "as long as they need" to pay their taxes to HMRC and announced the Government had struck a £4bn deal wit...
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