[access-uk] Re: Could this reduce cost for us?
- From: "Carol Pearson" <carol.pearson29@xxxxxxxxxxxxxx>
- To: <access-uk@xxxxxxxxxxxxx>
- Date: Tue, 8 Jul 2008 16:54:18 +0100
Dunno but would hope so ... Sounds interesting anyway. -- Carol carol.pearson29@xxxxxxxxxxxxxx ---- Original Message ---- From: Gordon Keen To: access-uk@xxxxxxxxxxxxx Sent: Tuesday, July 08, 2008 4:26 PM Subject: [access-uk] Could this reduce cost for us? > Might this be applied to access tech suppliers? > > > > > > Original URL: > http://www.theregister.co.uk/2008/07/08/ec_vat_rules_smbs/ > Lower VAT could help SMBs amid recession fears > By Kelly Fiveash > Published Tuesday 8th July 2008 11:23 GMT > Small computer outfits could see VAT rates slashed to as low as five > per cent under new proposals put forward by the European Commission > yesterday. > The EC, which is the executive arm of the European Union, said > (http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1109&format=HTML&aged=0&language=EN&guiLanguage=en) > it wants to relax value added tax and state aid rules in a move to > help small businesses (SMBs) cut through administrative red tape and > promote economic growth. > > > Under the VAT changes proposed, labour-intensive and locally-supplied > services including restaurants, cleaning and gardening services, > domestic care and small computer outlets would be eligible for a > reduced VAT rate, in some cases as low as five per cent. > EC Commissioner for taxation and customs union László Kovács said he > wanted to clarify Brussels’ position on reduced rates in the various > sectors highlighted under the new proposal. > “I want to provide certainty about the application of reduced rates > beyond 2010 for labour-intensive sectors and provide all Member > States with the same options. There is no reason why restaurant > services, for example, should be allowed to benefit from a reduced > rate in one half of the European Union but not in the other half," he > said. > At present 11 of the 27 EU countries have special arrangements until > 2010 to levy rates below the standard 15 per cent for services such > as computer repair shops, hairdressers and catering outfits. While > the remaining member states, “complicated by a multitude of > derogations”, cannot apply such an option to their VAT rates. > The Commission yesterday also adopted regulation > (http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1110&format=HTML&aged=0&language=EN&guiLanguage=en) > that automatically approves state aid for jobs and growth that would > particularly benefit SMBs, help protect the environment and encourage > more women to start up and develop a new biz. > The new rules will come into force in the coming weeks allowing > governments to grant aid in favour of SMBs investing in research, > innovation, regional development, training, employment and risk > capital, without first having to seek permission from Brussels. > State members can cough up to €7.5m (£6m) to SMBs under the new > regulations. > Competition Commissioner Neelie Kroes said: "These new rules set out > a clear framework to allow Member States to grant aid targeted at > creating jobs, boosting competitiveness and improving the environment > without the Commission having to get involved at all." > The UK’s Federation of Small Businesses (FSB) welcomed > (http://www.fsb.org.uk/news.asp?REC=4674) the EC’s proposals on VAT > and also called for the British government to relax its tax rules. > “As the credit crunch bites, some of the first luxuries to go will be > home improvements, eating out and a trip to the hairdressers, so > local businesses in these areas will welcome this move. The British > government must take advantage of these proposals to ensure our high > street can survive the economic downturn,” said the FSB’s EU > international affairs chairman Tina Sommer. > Meanwhile, the British Chambers of Commerce (BCC) today issued a dire > warning > (http://www.britishchambers.org.uk/6798219246661929941/alarming-results-highlight-serious-risks-of-uk-recession.html) > in which it claimed that Blighty is on the brink of a recession and > added that unemployment could rise by 300,000 by the end of 2009. > It said the economic outlook for the business sector was "grim and > ominous" and the downturn could be "longer and nastier" than > previously expected. The BCC garnered its gloomy findings from a > survey of 5,000 large and small businesses across the country. > "Some key results, mostly in services, are at historically low levels > not seen since the recession of the early-1990s,” said BCC’s economic > adviser David Kern. > He called for the treasury to consider the option of early interest > rate cuts and added: “On its part, the government must alleviate > acute business concerns over new taxes and regulations, and must > stand ready to support vulnerable small businesses." ® > Related stories > DSGi profit plummets 30% (26 June 2008) > http://www.channelregister.co.uk/2008/06/26/dsgi_annual_prelims/ > Lenovo throws arms and legs around SMBs (24 June 2008) > http://www.theregister.co.uk/2008/06/24/lenovo_sl_series_smb/ > Labour isn't working for IT contractors (9 June 2008) > http://www.theregister.co.uk/2008/06/09/it_contractors_labour_government/ > AMD targets Puma 'Centrino beater' at consumers, SMEs (4 June 2008) > http://www.theregister.co.uk/2008/06/04/amd_puma_laptop_platform/ > The economy: A big Arab did it and ran away, claims PM (22 May 2008) > http://www.theregister.co.uk/2008/05/22/gordon_brown_opec_attack/ > Netgear gets a crush on SMBs at Interop (29 April 2008) > http://www.theregister.co.uk/2008/04/29/netgear_interop_2008/ > EC tries to get on top of carousel fraud (17 March 2008) > http://www.channelregister.co.uk/2008/03/17/ec_carousel_action/ > UK gov unveils 'Innovation Nation' plans (14 March 2008) > http://www.theregister.co.uk/2008/03/14/innovation_nation/ > Small biz groups give Darling Budget a wary sniff (14 March 2008) > http://www.theregister.co.uk/2008/03/14/budget_business_response/ > Chancellor props up SMBs with loans, gov work (12 March 2008) > http://www.theregister.co.uk/2008/03/12/small_firms_loans_guarantee_funds/ > Darling talks, UK growth slows (12 March 2008) > http://www.theregister.co.uk/2008/03/12/budget_08/ > CBI calls for major overhaul to UK tax (10 March 2008) > http://www.theregister.co.uk/2008/03/10/cbi_corporation_tax/ > Microsoft splits Server 2008 for SMB (21 February 2008) > http://www.channelregister.co.uk/2008/02/21/microsoft_server_2008_details/ > Huge VAT fraud tab eclipses EU's age-old scams (20 February 2008) > http://www.channelregister.co.uk/2008/02/20/eu_vat_fraud/ > EU waves through downloads tax reform (in 2015) (14 February 2008) > http://www.theregister.co.uk/2008/02/14/eu_downloads_tax_reform_finalised/ > Credit crunch cranks up pain for SMBs (17 December 2007) > http://www.theregister.co.uk/2007/12/17/smb_economic_outlook_cbi_2008/ > Poor take-up of e-tax system (4 December 2007) > http://www.theregister.co.uk/2007/12/04/poor_etax_takeup/ > © Copyright 2008
- [access-uk] Could this reduce cost for us?
- From: Gordon Keen
- [access-uk] Could this reduce cost for us?
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