21/09/2017
Mid-sized business that are already achieving significant growth can get expert help to access the tax-related information and services they need to grow even faster through the new Growth Support Service launched by HM Revenue & Customs.
Targeted specifically at around 170,000 mid-sized, UK-registered businesses with either a turnover of £10m or more or more than 20 employees, the new service will provide tailored services from HMRC growth support specialists that could include
- helping with tax queries about their growing business
- supplying accurate information and co-ordinating technical expertise from across HMRC
- helping them get their tax right first time and access relevant incentives or reliefs
‘Get help with a tax issue as a mid-sized business’ provides the gateway to an interactive service where qualifying businesses can apply online then be contacted by a dedicated HMRC specialist to discuss their requirements. The bespoke service will usually last between 3 to 6 months.
HMRC considers the top 5 industries that could benefit from the service to be
- manufacturing (eg printing or maintenance firms)
- information and communication (eg IT or software companies, film makers or publishers)
- administrative and support services (eg vehicle hire companies, recruitment agencies or call centres)
- professional, scientific and technical services (eg law and accountancy firms or quantity surveyors)
- wholesale and retail (eg high street shops, food and drink outlets or car showrooms)