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Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.
The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.
Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.
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