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Daniel English

Mobile: 07793 243804
Email: daniel@contadoraccountancy.co.uk

Louise Rogers

Mobile: 07540 261699
Email: louise@contadoraccountancy.co.uk

John Matthews

Mobile: 07730 490440
Email: john@contadoraccountancy.co.uk

Contador (associated with Louise Rogers Accountancy)

N2 04,

Columba House,

Adastral Park,

Martlesham Heath,

Ipswich,

Suffolk,

IP5 3RE

Budget Breakdown - Supporting Businesses

March 11, 2020

 

 

  • Launching a fundamental review of business rates that will report in the autumn

  • A new pubs discount will be introduced to take £5,000 off the business rates bills of eligible pubs with a rateable value below £100,000.

  • The Employment Allowance for Employer National Insurance Contributions is increasing from £3,000 to £4,000. Over half a million businesses will benefit from this reduction to their costs of employment, with an average gain of £850 per year.

  • The Structures and Buildings Allowance for Corporation Tax will be increased from 2% to 3%, giving relief on an extra £100,000 next year if you’re buying a building worth £10 million.

  • £28m package and up to 10,000 Start-Up Loans to support entrepreneurs and businesses to start

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