As a follow up to the Norfolk Chamber’s ‘Audience with George Osborne, the Chancellor of the Exchequer’ event on the 7 November, we submitted a number of questions from our members to the Chancellor. Responses to those questions are now starting to be received from the relevant Ministers within Westminster.
Jonathan Woolston is Managing Partner at Larking Gowen, one of the Chambers longest standing members.
Jonathan’s question to the Chancellor was:
“Every year a significant number of small unincorporated businesses set up in Norfolk which do not get the same tax breaks as a Limited Company, why is there such a distinction and are there any plans to encourage these micro businesses further, without the need to incorporate?”
Find on the attached document the written response from the HM Treasury.