By Benjamin Day
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.
By Jan Cavelle
There was a great deal camouflaged in the latest Budget, not least by the political chaos and backbiting that has followed it.
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.
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.
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.
Whilst many people will be holding onto their hats ahead of the Budget, one insurer is urging chancellor George Osborne to keep a tight hold on his red briefcase.
In the UK business landscape, it’s the big and small organisations that grab the headlines. All too often mid-sized companies are overlooked, but these firms have big corporate ambitions and are the next enterprises in waiting.
