- The small businesses rates relief holiday is extended to April 2013.
- Businesses will be able to defer 60% of the increase in their 2012/13 business rates as result of RPI updating, and pay the increase equally in the following two years.
- The National Loan Guarantee Scheme is introduced for businesses with turnover less than £50m. The scheme will make banks' lending to small businesses easier by offering low interest rates loans underwritten by the Government.
- The corporation tax rate will fall in April to 25% (that will not have an effect on small companies though!)
Saturday, 3 December 2011
Chancellor's help for small businesses: Is this enough?
The Chancellor announced some measures to help small businesses during the November Statement. Among those are:
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