2020 Budget For small Businesses

11th March 2020

What does today mean for small businesses, some of the highlights:

  • National insurance threshold increased to £9,516
  • Corporation tax stays at 19%
  • Increase in the recently introduced Structural Buildings allowance to 3% per year
  • Increase in the employer’s national insurance allowance from £3k to £4k per year (although the criteria to claim this, changes from 1 April)
  • Entrepreneurs life time allowance to drop to £1m

And for some other highlights an increase in money to fill potholes and a freeze in alcohol and fuel duty!

Our usual full budget update will be released soon.

 



 
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