Unlike the Summer Budget, the Autumn Statement 2015 added little that will be of relevance to small businesses: Annual investment allowance The allowance, which gives full tax relief to business investments in assets and equipment, will be reduced from £500,000 to £200,000 from 1 January 2016. The government have now ...more
Summer budget 2015
The Summer Budget 2015 introduced a number of measures which will directly impact small incorporated businesses: Employment allowance From April 2016 the employment allowance which currently allows an employer to reduce their employer's NI by £2,000 a year will be increased to £3,000 a year. This allowance will however ...more