In a rather strange move HMRC are to launch a Growth Support Service aimed at growing mid-sized businesses.
The HMRC service will be available for businesses with turnover in excess of £10m and/or at least 20 employees.
Once signed up for the service, a dedicated HMRC specialist will be allocated to the business to explain the potential tax implications of certain growth strategies.
The press release states that he specialist will not be able to provide tax planning or general business advice, nor guidance on how the business will grow….which does beg the question of what exactly they will be doing other than obtaining information about your business!
No doubt more we will find out more about this service in due course, but for now you might want to think twice before signing up for the help offered.
For more information, please contact Lesley Sutton on 01484 550037 or email firstname.lastname@example.org.