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small business news
staff parking "stealth tax"
The Forum of Private Business (FPB) has spoken out against a proposed Workplace Parking Levy (WPL) which will charge businesses for providing staff parking spaces.
one in one out with red tape
The Business Secretary, Vince Cable has announced plans to implement a 'one in, one out' system for regulation, to ensure that small businesses aren't burdened with higher costs for compliance.
an end to fixed retirement age
The government plans to scrap the fixed retirement age of 65 from October 2011.
emergency budget 2010: NI threshold to rise for employers
june 2010
Chancellor George Osborne has announced in the Emergency Budget that the threshold for employers to pay National Insurance will rise by £21 per week above the indexed rate.
The previous government’s intention to raise National Insurance contributions was dubbed a “tax on jobs” by the Conservative party in the run-up to the general election.
This move is hoped to make it easier for companies to employ workers during difficult economic times.
Other measures announced by the Chancellor include:
• VAT to rise to 20%
• Rise in
NI threshold
• Corporation
tax cut for SMEs
• Entrepreneurs’
relief increased
• CGT increased by 10% - but not
for basic rate taxpayers
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