50% business tax rebate to enable businesses to cope with Covid-19.

Rejected 13 signatures

What the petition asks

Provide all UK owned critical businesses, SME & micro businesses with a 50% business tax rebate from the previous year (2019/20) to free up cash to enable businesses to cope with Covid-19. Provide a 10% per month reduction (up to 50%) to enable businesses to cope with the reduction in earnings.

Save our businesses. Most businesses have less than 2 months of working capital. Specify what the tax rebate can cover e.g. overheads and wages not profits or shareholder payouts.

Enable businesses to cover overheads, retain staff and remain viable so that when Covid-19 is no longer a problem the businesses are still in existence and can start up and generate taxes.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign this petition calling for the same action: Stop business rates, VAT and PAYE whilst government advise isolation for COVID19

You can find out more about coronavirus and how you can protect yourself and others here:

NHS website: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: https://www.gov.uk/coronavirus

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

Timeline

15 Mar 2020	Petition opened for signatures
2 Apr 2020	Rejected by the Petitions Committee

Key facts

Signatures 13

Status Rejected

Rejected 2 Apr 2020

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