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New small business target for national insurance increases? |   |
The Times reports that people who try to flee the stress of urban life by “downshifting” and moving to the countryside could be the next target for the Inland Revenue.
"Ministers’ particular aversion to “lifestyle” businesses is the lack of contribution they make to the economy: in general they are run from home, with no employees and the owners often have no ambitions to grow them into large companies. There are an estimated 500,000 such businesses in Britain.
Though the plans are still being drawn up, it is understood that officials aim to penalise these micro-businesses by increasing the national insurance they pay by 1 or 2 per cent. The measure could raise millions of pounds of revenue."
Read the full article here.
Posted September 1, 2004
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[October 10, 2008] A business organisation has warned that spiralling costs and a lack of credit is forcing some small companies to consider making staff redundant in order to survive the downturn.
[October 9, 2008] The latest quarterly survey released by the BCC, based on 5000 business responses, shows that the UK is now in a worsening recession. The IMF expects the country to suffer a downturn similar to that of the early 1990's.
[October 6, 2008] Despite 12 months of economic turmoil, the latest UK Enterprise Survey Report shows that UK companies are determined to survive, and remain optimistic about the future.
[October 3, 2008] A survey of company directors has revealed that more and more of them are choosing to live outside the capital and the South East, with ‘a gradual migration of company directors from the South of England, to more northerly regions, as well as Scotland and Wales’.
[September 30, 2008] With the Tory conference in full swing, what exactly do the Conservatives propose to do to help UK businesses?
[September 29, 2008] The vast majority of entrepreneurs in the UK are risking long-term business success by not giving proper thought to their exit strategies, according to business advisory firm, Deloitte.
[September 22, 2008] New research suggests that one in six small business owners suffer sleepless nights as a result of stress - roughly 750,000 people in total.
[September 18, 2008] A fascinating study into the "DNA" of global entrepreneurs reveals how the lifestyles and habits of international business owners compares to those of their UK counterparts.
[September 15, 2008] Following the torrential rain of the past few weeks, UK businesses who are concerned that they may be affected by flooding are being urged to download a free flood risk assessment guide.
[September 10, 2008] The decline in startup business numbers is expected to ease by the end of 2008, according to Barclays estimates. The bank's figures expect 380,000 new businesses to start up this year, compared to 430,000 in 2007.
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