Building firms expanding their businesses can benefit from a new service launched today, by HM Revenue and Customs (HMRC).
Mid-sized businesses in the manufacturing industry, including builders, plumbers, maintenance companies and printing firms; with either a turnover of more than £10 million or more than 20 employees, and undergoing significant growth, can now seek expert tax advice from HMRC’s growth support specialists.
Known as the Growth Support Service, HMRC tax experts will offer dedicated support, tailored to the customer’s needs. It has been created to help growing, mid-sized businesses access the information and services they need.
This could include:
- helping with tax queries about their growing business
- supplying accurate information and co-ordinating technical expertise from across HMRC
- supporting them to get their tax right first time and access relevant incentives or reliefs.
HMRC’s Director General for Customer Compliance, Penny Ciniewicz, said:
“We want to support mid-sized businesses to grow and succeed. As they expand their businesses, their tax information needs and the support they require becomes more complex.
“By launching the Growth Support Service, HMRC can make sure growing businesses pay the right tax at the right time.”
There are around 29,000 registered mid-sized businesses in the manufacturing sector. Businesses who meet the eligibility requirements can apply online; they will then be contacted by their dedicated growth support specialist at HMRC, to discuss their requirements. The bespoke service will generally last between three to six months.
The introduction of the service demonstrates HMRC’s continued commitment to support UK businesses get their tax right. In addition to the existing customer relations service for large businesses; last month, the department launched the Small Business Online Forum for small businesses and the self-employed.