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RICHARD CURTIS considers Budget measures of interest to small and medium-sized enterprises
KEY POINTS
- General measures of interest to SMEs.
- Changes to the capital allowances regime.
- Entrepreneurs’ relief limit is increased.
- VAT limit adjustments and other changes.
- Other changes and anti-avoidance measures.
It’s funny how even when there are 71 Budget Notes issued by HMRC one’s eye always falls on one in particular. This year it was BN10 ‘Capital allowances: Plant and machinery: Cushion gas’.
I started to wonder if this was some strange tax incentive designed to boost the novelty amusement product industry but apparently not. It is ‘a gas phase introduced into a vessel above a liquid phase to prevent contamination of the liquid reduce hazard of detonation or to exert pressure on the liquid’.
You probably don’t need to know any more except that it is to...
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