Gordon Brown said in his budget speech today that small companies corporation tax will be cut by 20p...
Gordon Brown said in his budget speech today that small companies corporation tax will be cut by 20p to 19p and the start rate reduced to 0% for all business earning less than £10,000. Brown also announced automatic fines for late VAT payment will be abolished for 700,000 small firms. Further measures announced included automatic relief for VAT on bad debts for small firms. Brown pledged an extra £30m for small firms training requirements. Ad a major overhaul of the VAT rates and systems paid by small companies will be also introduced to reduce the complexity of th...
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