Tax cut to boost SMEs
THE Chancellor took significant steps to prove the coalition government is backing British business, with the biggest tax cut of the Budget aimed at SMEs.
In recognition of the fact that the cost of employment can be a burden for small businesses he announced what he said was the largest tax cut in the whole budget: axing employer National Insurance Contributions for the first £2,000.
He said the move would mean that a third of all employers in the country will “pay no jobs tax at all” in a move clearly aim... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...