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Extra Discount for Employers Paying Tax Credits

An extra £50 discount for small employers paying Working Families&#39 Tax Credit and Disabled Person&#39s Tax Credit to their employees has been announced in the Budget. Small employers with tax credit cases in 2000/2001 who file their PAYE end of year returns over the Internet and pay any tax due electronically will receive the discount.



This is an addition to the £50 discounts for VAT and PAYE announced on 16 February to encourage small businesses to embrace Internet technology. Total discounts for small businesses of up to £150 now exist.



The PAYE and tax credit discounts will also be available to small employers who use


an Internet payroll service.



This improvement is part of the Government&#39s aim that by 2002, 25% of transactions with government should be capable of being done electronically.

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