The Chancellor has announced the latest Budget and to a degree, as it is now common practice, there are a fair number of tweaks and changes which affect business people. We have thus prepared a brief summary of the spring Budget; some highlights are:
Good news for commercial property purchasers with the introduction of a “sliced” system
Due to the changes in the Income Tax threshold half a million people will be taken out of the higher tax band
Changes in Small Business Rate Relief will see some businesses receive 100% relief permanently
We have summarised more of the announcements in our Budget Update.
Every business is different and every business owner has different requirements, that’s why an AIMS Accountant will discuss with you in detail if and how any of the announcements will affect you.