Business News

Autumn Budget 2017: Business

Floors Magazine November 23, 2017
Less than a minute

Business Rates

Increases to business rates will switch from the RPI measure of inflation to CPI from April 2018. This is 2 years earlier than planned.

Revaluation of business rates will take place every 3 years after the next revaluation.

VAT

The VAT threshold will remain at £85,000 for the next 2 years.

Online marketplaces and sellers will be jointly liable for VAT.

Research And Development

Research and development tax credit will increase to 12% from April 2018.

Corporation Tax

The indexation allowance for capital gains tax will frozen. Companies will be able to get relief for inflation until January 2018.

EIS

Investment limits for knowledge-intensive companies will be doubled.

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