Small businesses

'HS2 must stay on track' say small businesses

HS2
HS2

The government said this morning that the High Speed 2 rail project will be subject to a government review.

The Federation of Small Businesses (FSB) chairman Mike Cherry, saiys "it’s vital that the HS2 project remains on track. The stop-start approach to major transport investment that’s held our economy back for decades has to end.

“Of course HS2 needs to represent value for money, and that starts with responsible procurement – bringing smaller firms into the supply chain wherever possible and paying them on time.

“HS2 should be seized by this government as an opportunity to back the small businesses that it so often claims to support, opening doors for them and setting the tone for future infrastructure projects. It would do well to remember that small firms bring a dynamism to supply chains that big corporates struggle to match.

BBC catches rogue traders selling black-market receipts
Traders filmed in a BBC investigation admitted selling up to £20,000 of receipts that could be used to cheat UK taxes.

Making tax digital

BBC Radio 5 Live

notes and coins
PA

Emma Rawson of the Association of Taxation Technicians has been taking to Radio 5 Live's Wake Up to Money about the new "making tax digital" rules which begin next month. This is about ending paper-based record-keeping to comply with the new VAT rules.

She says it should mark the end of "cutting and pasting" and sending off papers in shoe boxes to accountants.

"It has been driven by attempts to close the tax gap, a lot of that is due to errors being made," she said.

There has been "a little bit of a problem" about companies aware of the changes, she said.