SME Lenders Urged to be Given Tax Breaks

Tax Breaks for private lenders and investors would make it easier for small to medium enterprises (SMEs) to gain access to finance, the Forum for Private Business (FPB) has claimed.

The FPB wants the chancellor to give a tax break to alternative lenders in his autumn statement next Tuesday.

FPC chief Phil Orford said: “The forum believes one of the key issues facing the UK economy is a business sector lacking sufficient confidence to invest.”

And while the effect of external market conditions is difficult to control, one action government can take is to set out clear financial and regulatory domestic road map in the years ahead. Above all we recommend the government shows consistency, clarity, and certainty.”

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.

Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.

Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.