Business Survival

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A 40 percent temporary first-year allowance for expenditure on general plant of machinery will apply to qualifying spending incurred in the twelve month period beginning on 1 April 2009 for companies (5 April 2009 for unincorporated businesses).
As announced on 31 March 2009, businesses will be able to spread the payment of the 2009-10 inflation up-rating of business rates over three years. This is revenue neutral over the three year period to 2011-12.
The additional loss carry back for losses of up to £50,000 for three years, announced in the PBR last year, will be extended for a further year.

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The Budget proposals and other tax changes are summarised on these pages. The Budget proposals may, however, be amended significantly before enactment. The content of this communication is intended to provide a general guide to the subject matter and should not be regarded as a basis for ascertaining liability to tax or determining investment strategy in specific circumstances. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.