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Pre-Budget Changes to VAT
VAT registered businesses have to charge the 15% rate on sales of standard rated goods & services made on or after 1 December 2008. READ MORE

Credit Crunch / Recession Help
Under the Inland Revenue Business Payment Support Service it is possible to arrange delayed payments of tax, PAYE & VAT is a business is suffering under the current economic climate.

Deposit protection for businesses
If a bank or building society authorised by the FSA is unable to pay back deposits held within it, the FSCS can pay 100% of the first £50,000 of an eligible depositor's claim, per authorised institution. FSCS protects private individuals and some small businesses - MORE

National Minimum Wage
From 1st October 2008 the National Minimum Wage increases to £5.73 (£4.77 for 18 - 22 year olds and £3.53 for those aged 16 & 17)

Capital Gains Tax
With the introduction of entrepreneur's relief for certain business assets a review of business and trading company share ownership is recommended to ensure qualification.

Income tax relief for capital losses
In some cirumstances income tax relief is available on a loss from unquoted trading company shares issued to the claimant. Tax planning to obtain the maximum benefit is recommended.