Now that the Budget resolutions have been debated and the Finance Bill published, the detail will be scrutinised.
It will be many months before the 390 pages of legislation will pass through the various stages of the parliamentary process.
Indeed, many of the proposals will not have legal effect until the Finance Bill finally makes its way to the House of Lords in July.
However, some of the proposals may take effect sooner.
The following changes will be of particular interest to the SME sector (click on the links for the full details):
- Capital allowances
- R&D tax credits
- Corporation tax
- EIS and VCT changes
- Entrepreneurs’ Relief
- Enterprise zones
George Bull is head of tax at Baker Tilly.