Bills are one of those things that everyone will, from time to time, give a subtle groan to when they get them in the post. When running a business, it can sometimes feel easier to simply pay whatever it says on the paper and not stop to think if it makes sense.
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The highly anticipated Budget 2020 has been revealed by the new Chancellor of Exchequer, Rishi Sunak. There was some welcoming news for the small business community as the Chancellor announced the suspension of business rates for SME’s, a Coronavirus Business Interruption Loan Scheme coming into effect and that the Government will be covering the Statutory Sick Pay for SME’s.
[continue reading…]With the rise of e-commerce, the retail industry, and in particular the high-street retailers, has suffered hugely. Coupled with this, running a business always requires some risk, and the economic uncertainty only makes it tougher.
Chancellor of the Exchequer Philip Hammond stayed away from big bold giveaways in his Autumn statement, but the Budget contained plenty for businesses to digest.
Here are the main small business tax rates and allowances for the tax year of 2019/20.
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The chancellor has delivered his most small business friendly Budget to date. The Budget has bought in good news for the anxious small businesses. There is always a nervous environment pre-Budget, and small business owners can now breathe a sigh of relief. From the VAT threshold being kept at £85,000 to the fuel duty to be frozen for the ninth year running, the chancellor has been praised by the small business community.
The last Budget before the UK leaves the EU was revealed by Chancellor Philip Hammond at the Houses of Parliament today. With the country edging close to Brexit, and no deal in place, the small business community is facing an uncertain time. The chancellor has tried to immunise the community from the uncertainty surrounding Brexit and give a well-needed boost to high street businesses.
Here are the main small business tax rates and allowances for the tax year of 2018/19.
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Here are the main tax rates and allowances for 2017/18, that are most relevant to small businesses.
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