I am busy updating a whole load of spreadsheets ready for next year. Should have got round to it before the budget as most of it was already announced, but there you go. One of them is a payroll
Small business owners were breathing a sigh of relief this afternoon.
“If you believe that no news is good news, then this is the best Budget in a generation,” commented PKF employment and benefits partner Philip Fisher on the firm’s website.
These tables reflect announcements made on 24 March 2010. Subsequent rates have been announced on 22 June for the 2011-12 tax year but are not complete and have not been included here.
The UK economy is very sick.
Frank Haskew, head of tax, and Anita Monteith, SME and personal tax technical manager of the ICAEW, explain why the latest Budget is light on practical new measures and heavy on politics.
Lloyds TSB has criticised a new scheme which gives an independent adjudicator the ability to overturn a bank’s decision to deny loans to small companies.
The budget contained a couple of nice surprises for small businesses, but perhaps the government won’t be quite as nice when the election is out of the way, argues Simon Sweetman.