Help for small firms

Rutherglen Reformer - - News -

Ge­orge Os­borne an­nounced a se­ries of mea­sures to sup­port small en­ter­prise.

Some, such as changes to busi­ness rates and stamp duty, will only ap­ply to com­pa­nies south of the bor­der.

But an­other new pol­icy will see debt in­ter­est pay­ments used by larger firms to cut their cor­po­ra­tion tax bills capped at 30 per cent of earn­ings.

Pre­vi­ous losses also car­ried over to off­set cor­po­ra­tion tax will be capped at 50 per cent of cur­rent prof­its for busi­nesses with an an­nual turnover of more than £5 mil­lion.

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