INCOME TAX 50p top rate of tax cut to 45p from April 2013 Personal income tax allowance raised to £9,205 from April 2013 New general anti-tax avoidance rule to be introduced Age-related allowances to be removed for new pensioners from April 2013 and replaced with a single personal allowance for all Allowances for those...
SUPPORT FOR BUSINESS Corporation tax cut to 24% from next month and to 22% by 2014 Consultation on simplifying the tax system for small firms with a turnover of up to £77,000 Support for £150m of tax increment financing to help councils promote development Additional £270m for the Growing Places fund Tax relief for...
Bonnie Dean, chief executive of the Bristol & Bath Science Park, said the increase in research and development allowances in the Budget sends out a broadly positive message to large and small firms engaged in research and development. “This is particularly important in a region which has some of the most advanced research-led companies...
Corporation Tax is to be cut by 2% to 24% next month, the Chancellor said in today's Budget. Further cuts will take it to 22% by 2014, said the Chancellor – calling it "an advertisement for investment and jobs in Britain."
Chancellor George Osborne opened his Budget by saying it will 'unashamedly back business." The Budget will "reward work". Britain "is going to earn its way in the world", he said. Britain is "not immune" from developments in the eurozone, he said. He also said a million more jobs will be created over the next...
Bath Business News, the Bath area’s fastest-growing source of authoritative business news and information, will be delivering the full analysis of today’s Budget in the following ways: · Twitter. We will be tweeting the key points as they are announced by Chancellor George Osborne · Online. Our website will be updated throughout the Chancellor’s...
Former Barclays Bank regional chairman Simon Moore has been appointed CBI South West regional director. He will act as the voice of business in the region, will be responsible for all CBI South West member companies, and will represent the region’s business leaders on key policy and regulatory issues. His main priorities will include...
Accountants and business advisers Grant Thornton have won the contract to perform work for the public sector across the South West now carried out by the Audit Commission. The five-year contract, awarded on the basis of audit quality and value, will begin in September. The Government is dismantling the Audit Commission – the body...
Science and high-tech businesses have been moving to the Bristol & Bath Science Park much faster than predicted, with three quarters of the available desks snapped up in less than six months. Fourteen businesses and organisations, ranging from research-led early stage companies to businesses offering sector-specific support, are now occupying 78 of the 103...
Ray Smyth of Swindon-based The IPstore says, “Business Continuity is the result of properly planned, expertly executed IT… It is 100% proactive; the rest is just blind panic…” For an organisation using Information Technology (IT) as a routine part of its day-to-day work, the most modest of problems can cause real frustration, quickly impeding...
