Business tax

Pre-Budget Report 2009: an outline summary

To the relief of smaller firms, the Chancellor has deferred the planned rise in the rate of small companies’ corporation tax.

Help with skills training for small firms should be central to any government employment plans announced in the pre-Budget Report.

It is expected that the Chancellor, Alistair Darling will use the pre-Budget Report to extend schemes designed to support businesses through the economic downturn.

Many small businesses have been able to negotiate the recession by creating new products and services, but still need support through tax cuts, a major new survey has claimed.

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