Most new businesses commencing after 22 June 2010 and most activities will qualify To be a qualifying business. However, the key qualifying criteria is a geographic one. Excluded areas include
- Greater London
- Parts of Easter England
- Parts of South Easter England
The full list is on page 8 of the technical note.
The guidance note contains extensive commentary on what is
- a new business
- qualifying employees
- qualifying business activities
Businesses will have to apply for teh relief and will need to complete an additional end of year return. We are watching this subject very closely.