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11 March 2020
There were three main changes announced in the Budget 2020 affecting personal finances, with the headline item being the change to the annual allowance for higher earners.
11 March 2020
UK Budget 2020 - Corporation TaxIt was widely expected that the headline corporate tax rate would be held at 19%, rather than reduced to 17% as previously legislated and the Chancellor followed through with this in order to fund a number of measures in what can very much be seen as a public spending Budget.
11 March 2020
UK Budget 2020 - VAT, Duties & Environmental TaxesA content rich Budget, with several new policy announcements and confirmation of other previously trailed changes.
11 March 2020
UK Budget 2020 - Innovation TaxesGoing into Budget 2020 I was expecting three things: an increase in the rate of the Research and Development Expenditure Credit (RDEC); more details on the proposed PAYE cap on the amount of the payable R&D tax credit; and potential broadening of the eligible cost categories to include cloud hosting and data costs.
11 March 2020
UK Budget 2020 - Personal TaxAmid all the public spending commitments announced by the Chancellor today, you could be forgiven for missing any personal tax announcements.
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