Most of you are probably aware of the things announced in the pre-budget report. But for those that aren’t, here's some of the key points that will affect small businesses.
1. VAT will return to 17.5% on January 1st
2. Employer, employee, and self- employed rates of NI to increase by 0.5% from April 2011.
3. Starting point from which NI in payable to be raised to £20,000.
4. Enterprise finance guarantee scheme to be extended for a further 12 months.
5. Increase in corporation tax far smaller compares to be deferred.
For full details please visit www.thetelegraph.co.uk
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