Budget Highlights

Business and digital

  • New 2% digital services tax on UK revenues of big technology companies, from April 2020
  • Profitable companies with global sales of more than £500m will be liable
  • Private finance initiative (PFI) contracts to be abolished in future
  • New centre of excellence to manage existing deals “in the taxpayer’s interest”
  • Annual investment allowance to be increased from £200,000 to £1m for two years
  • Contribution of small companies to apprenticeship levy to be reduced from 10% to 5%
  • Business rates bill for firms with a rateable value of £51,000 or less to be cut by third over two years
  • Measure to benefit 90% of independent companies, cutting bill by £8,000
  • £900m in business rates relief for small businesses and £650m to rejuvenate High Streets
  • New 100% mandatory business rates relief for all lavatories made available for public use, whether publicly or privately owned
  • Extending changes to the way self-employment status is taxed, from the public sector to medium and large private companies, from 2020

 

Business expansion assistance

Aside

 

Business expansion services into the UK available for Client/potential client companies

 

If you are supporting overseas companies who are expanding to the UK, or are working with overseas companies that have already established UK operations, you will know that their needs can be wide ranging and technical.

Because of this,  BizlawUK , our practical legal consultancy service (www.bizlawuk.co.uk) want to work together with you and them to support their journey through the following key stages.

For specific help in setting up in the UK  or for help mapping your business ambitions to the UK please contact us  by email -Reina D’costa at reina@ bizlawuk.co.uk