An interesting Budget this year, with the majority of focus on trying to recoup the huge Government borrowings over the next two years and trying to stimulate the economy.
We have identified the following points as the key areas for our clients to be aware of. Nothing to write home about, but I’m sure some of this will be relief to a few.
To help companies with cashflow problems, the scheme that allows loss-making firms to reclaim taxes over the last three years is extended to November 2010.
To help the car industry, a scrappage scheme will be introduced next month giving drivers a £2,000 discount on new vehicles if they trade in cars that are more than 10 years old. The scheme will run until March 2010.
The main capital allowance rate for business investment will double to 40 per cent for 2009/10.
A new £750 million Strategic Investment Fund is to help emerging technologies and regionally important sectors in advanced businesses.
If you are unsure of how you can take advantage of the above points, please contact us to arrange for a free consultation, and we will be happy to help.
Related posts:
- Budget 2009
- Tax Relief on Donations
- Gay or Lesbian Taxpayers – Help Has Arrived
- Businesses Will Fail At Record Rates
- SMEs ‘must show financial transparency’
Information, News
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