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National insurance rise hits higher-rate earners

In the 2018 Budget, the Chancellor announced that the higher-rate income tax threshold is to increase from £46,350 to £50,000 in 2019/20. What this would mean is that taxpayers earning between £46,350 and £50,000 will see their income tax rate reduced from 40% to 20%,...

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Small retailers to receive business rates boost

  As announced in this year's Budget, small retailers based in England will see their business rates reduced by a third.  The reduction will be applicable to retail properties with a rateable value below £51,000 for two years from April 2019, subject to state aid...

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IR35 reforms extended to the private sector

Contractors could face a higher tax bill from April 2020, when reforms to IR35 legislation are set to take effect in the private sector.The motivation behind the decision comes as HMRC aims to stop work it regards as ‘disguised employment.’ This describes a situation...

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Small firms aren’t ready for no-deal Brexit

According to a report published by The Federation of Small Businesses (FSB), the vast majority of SMEs are very unprepared should the Government deliver a no-deal Brexit. Among the 1,234 business owners who were surveyed by the FSB, just 14% have contingency plans in...

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85% of small businesses are successful in securing funding

  Statistics show that the overwhelming majority (85%) of small businesses that applied for finance in the first six months of 2018 were successful. UK Finance commissioned the market research firm BDRC to carry out its SME Finance Monitor Q2 2018 and in the same...

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