Hopefully the government will leave businesses high and dry
David Cameron has said businesses affected by floods will get 100% tax relief on business rates and will be able to defer tax payments. HMRC has also set up a helpline for people affected by the floods.
HMRC say they will agree instalment arrangements where taxpayers are unable to pay because of flooding; work with businesses that have lost vital records; suspend debt collection and cancel penalties for missing statutory deadlines.
The helpline is 0800 904 7900.
It’s open Monday to Friday, 8.00 am to 8.00 pm; Saturday and Sunday, 8.00 am to 4.00 pm, excluding bank holidays.