Tax breaks are when HMRC gives an individual or business a reduced amount of tax to pay. Tax breaks can manifest as a deductions that can be claimed and being entitled to omit certain incomes from SATRs.

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Advisors Favour General Tax Amnesty

Tax Amnesty – Advisors Favour General Tax Amnesty. A survey of nearly 100 accountancy firms has discovered that almost 80 percent of tax advisors favour a general disclosure facility for people to declare unpaid tax from the past.

HMRC has

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 …

£100 million Tax Break Planned for Small Firms

Chancellor George Osborne is set to announce a £100 million tax break for entrepreneurs who want to invest in the UK’s fastest growing businesses.

He plans to raise income tax relief from 20 percent to 30 percent for Enterprise Investment

Millions Wasted in Public Spending

Hundreds of millions of pounds can be saved in public spending according to Sir Philip Green, a billionaire businessman who recently scrutinised the government’s books.

Sir Philip, who has a reputation for making shrewd cost cutting decisions, was appointed in …