The British government has started to review the treatment gap between large firms and smaller counterparts, but more must be done to truly support the nation’s SMEs, despite what George Osborne attempted to convey during the Budget 2016.
There was a great deal camouflaged in the latest Budget, not least by the political chaos and backbiting that has followed it.
There was one clear winner from last week’s Budget – small business. It clearly showed how SMEs have moved from the wings to centre stage of the economy and should encourage more to step into the spotlight.
Business secretary chose to use the former factory of tea barn Typhoo from which to launch his £250m investment initiative aimed at smaller businesses in the Midlands.
Towards the end of his career, early computer pioneer Douglas Englebert remarked that the digital revolution was the most significant progression in the history of humanity. He was right – no single development in all of history has had such a transformative impact on the way we see, think and interact with the world around us.
Chancellor George Osborne announced in his Budget speech that he intended to place a lifetime limit of £100,000 on the capital gain which can be exempt from capital gains tax (CGT) acquired under Employee Shareholder Agreements entered into after 16 March 2016.
On reflection, the UK’s 5.4m SMEs had a good Budget overall today with a number of generous tax breaks, notes Lesley Stalker of RJP.
The Budget can quite often be a confusing set of facts and figures very hard to digest. We've boiled it down to provide a snapshot of what each region in the UK can expect in terms of capital investment.
As part of his Budget 2016 address, George Osborne sought to reassure the small business leaders that feel they’re struggling against online rivals and revealed he will clamp down on VAT dodgers overseas, while supporting sharing economy entrepreneurs with a tax break for an Airbnb allowance.
With surveys indicating it has never been so difficult for business owners to get through to HM Revenue & Customs (HMRC), chancellor George Osborne has named three areas improvements will be made.
Chancellor George Osborne’s eighth Budget address since coming into power delivered a treasure trove of announcements for the leaders of small and medium-sized businesses – so here are all the important developments in one place.
While chancellor George Osborne has continuously unveiled plans to find extra billions through crackdowns on tax avoidance, he is now ending several loopholes, including restrictions on offsetting losses against tax from 2019 onwards.