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Budget and Capital Allowances

by | Mar 13, 2020 | ACCA, budget, business issues

Main change sees an increase of 1% for structures and buildings allowance. Structures and buildings allowance As previously announced the annual rate of capital allowances available for qualifying investments on or after 29 October 2018 to construct new, or renovate...

Budget VAT changes round up

by | Mar 13, 2020 | ACCA, budget, VAT

Digital publications will also become zero-rated, while the agricultural flat rate scheme entry and exit rules are amended.  The VAT registration rates are unchanged, with few announcements. The main business changes concern:  Sanitary products VAT is currently...

Retail rates relief to double

by | Mar 13, 2020 | ACCA, budget, business issues

Welcome boost for smaller retailers. The Budget included measures to increase the 50% Retail Rates Relief announced earlier this year to 100% from April 2020. This relief will be extended to include retail, leisure and hospitality sectors, meaning a full relief for...