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Posted to: Small Business news

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Small businesses given boost

Small businesses should benefit from two taxation measures contained in yesterdays pre budget report.

The Government will continue to allow businesses to spread their tax payments over future years and has deferred a planned increase in the corporation tax rate paid by small countries for an extra year.

The 'Time to Pay' scheme which allows companies to spread tax payments has been hailed as a life line, others still claim more should be done to help small businesses, such as an overhaul of credit insurance offered to companies and help dealing with late payment by large companies.

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