We feel that there are four key areas from today budget that we would like to highlight for you…

  • Support for Small Businesses – The chancellor rejected calls to reduce the VAT threshold and no changes were made to dividend or corporation tax.
  • Tech and Innovation – R+D Tax Credits will be boosted to 12% and EIS limits doubled for key sectors.
  • Housing Measures – Councils to charge 100% council tax premium on empty properties. Also land banked by developers for financial reasons will be subject to compulsory purchase.
  • Stamp Duty Gift for 1st Time Buyers – Effective immediately no stamp duty will be payable by first time buyers, up to £300,000.

Below is a selection of immediate reactions to today’s budget from the Twitterverse!

If you have any questions arising from these announcements please get in touch with us so we can help!

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