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Companies must suspend dividends, bonuses for extra state support but nothing is said about tax avoidance

  • 📰 The Independent
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Firms can now borrow up to £200m through a business loan scheme but there are strings if they ask for more than £50m, James Moore writes

Treasury minister Jesse Norman: ‘Where businesses fail to meet their tax obligations, HMRC challenge them using their compliance powers’ddressing some of the criticisms of its business support measures, the government has confirmed plans to offer state-backed loans of up to £200m through its coronavirus large business interruption loan scheme – four times the previous limit.

 

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