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Saturday
Dec202008

‘Give us a break’ says small firms to HMRC

 

HMRC should be more understanding towards businesses that submit their self assessment tax forms late, according to the Federation of Small Businesses (FSB). The lobby group, which represents more than 215,000 business owners in the UK, is appealing for more lenient treatment for entrepreneurs struggling to make ends meet in the current climate. The deadline had to be extended last year after HMRC’s website crashed due to thousands of companies attempting to log on at the same time. This year, the FSB is calling for the deadline to be extended once again from 31 January to 2 February to give companies more time to complete their forms and, most importantly, to avoid incurring the £100 fine for late submissions.


FSB national chairman John Wright called the system an ‘unnecessary burden’ on small businesses and called for HMRC to impose a ‘soft touch’ to small firms that are struggling through financial turmoil. “For small businesses, the self assessment tax return is a very important task and in these tough times there are many reasons why they will need up until the deadline day to file their return. We urge HMRC to ensure they have the right resources in place to deal with the influx”, he added.

 



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    ‘Give us a break’ says small firms to HMRC - Tax, Legal & Business News from London - St Matthew Accountants London
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    ‘Give us a break’ says small firms to HMRC - Tax, Legal & Business News from London - St Matthew Accountants London
  • Response
    ‘Give us a break’ says small firms to HMRC - Tax, Legal & Business News from London - St Matthew Accountants London

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