The coming election seems to have done small businesses a small favour. There isn’t time to barge the Treasury’s plan for 5 tax returns per year – one every quarter plus one for the full year – through Parliament in the time left. All sorts of other measures aimed at increasing the cost of doing business without the notional benefits the government is claiming have also been ditched; with the tacit approval of the Commons Treasury committee, which frowned on them.
But we can be pretty sure they’ll be back with the next government unless heads can be banged together to drive some sense into them.
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