// Small retailers may be offered support from HMRC in event of no-deal Brexit
// Michael Gove has ordered the HMRC to find ways to ease pressure on cash-strapped SMEs
Michael Gove has reportedly ordered the HMRC to provide support to cash-strapped small retailers in the event of a no-deal Brexit.
According to Sky News, Gove, the MP responsible for no-deal Brexit planning, met with business groups such as the BRC, CBI and Institute of Directors yesterday – along with business minister Jo Johnson and the PM’s chief of staff Sir Edward Lister.
Gove reportedly told the business groups that the HMRC had been instructed to find ways to assist small-to-medium enterprises during what could be a difficult period.
Sky News said would not mean the HMRC would cease normal tax-collecting processes, but rather they should focus on measures to take pressure off SMEs under financial strain.
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Monthly payment plans for VAT would help as opposed to one lump sum which is a strain on retailers in this difficult time . HMRC need to be more flexible in helping retailers,