Good Budget or Budget? As usual, a bit of both.

As a business owner, the good bits included:

  • Cuts to business rates for some shops, pubs and cafes
  • The increase in the personal allowance and higher-rate tax threshold
  • Increase in the Annual Investment Allowance to incentivise expenditure on business assets
  • Cost of a beer stays the same!

But the bad bits include:

  • Reforms to self-employment in the private sector
  • Changes to Entrepreneurs Relief to make it harder to get the low tax rate
  • Cuts to R&D tax credits for loss-making businesses
  • Cost of wine goes up!

There’s a lot to take in, so have a read of our handy summary here:

JDA – Budget 2018 Report for Business Owners

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Any questions?

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