Small businesses being able to access the finance they need to grow & invest is crucial if we're to grow our economy.
That's why we're extending the Recovery Loan Scheme and renaming it as the Growth Guarantee Scheme – helping 11,000 SMEs to access the funding they need.
At the Autumn Statement, we froze alcohol duty for six months to provide stability for businesses.
Today we’re extending the duty freeze further – from Aug 2024 to 1 Feb 2025.
Cutting costs for breweries, distilleries, restaurants, nightclubs, pubs & bars.
The Chancellor is due to deliver the budget shortly and is expected to cut National Insurance by 2p. It also fell by 2p in last year's Autumn Statement.
SMEs support 16.7m jobs & provide billions in tax revenue.
We're supporting SMEs by:
✅Taking action to ensure more are paid their invoices on time
✅ Expanding the Made Smarter Adoption programme
✅ Strengthening support to access export markets
The Pensions Triple Lock and Pension Credit will be protected and rise in April 2024 by 8.5%.
This will support pensioners across the United Kingdom with the cost of living.
We’ve tasted some of the very best vegetarian and vegan dishes at the Croydon Food & Music Festival!😋
If you specialise in vegetarian/vegan delights, trade with us at this year’s festival on 2 July and showcase your offerings to thousands of foodies, 📩events@wlcreative.org.uk.
👩🍳Showcase your delicious dishes to thousands of foodies at the Croydon Food & Music Festival 2023!
Cuisines from all corners of the globe are welcome, including Caribbean, African, Asian and European😋
If you’d like to get involved, please email 📩events@wlcreative.org.uk.
Reminder - The main rate of corporation tax will increase from 19% to 25% on 1 April 2023.
For businesses with accounting periods which straddle 1 April, profits will be time apportioned. Businesses with profits of less than £50,000 will continue to b... bryden-johnson.co.uk/reminder-about…
As an employer running payroll, you need to report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April 2023), give your employees a P60, and prepare for the new tax year, which starts on 6 April.
bryden-johnson.co.uk/employer-dutie…
Chancellor announces that he will increase the pensions annual tax-free allowance from £40,000 to £60,000 and will abolish the Lifetime Allowance - previously set at £1.07m. #springbudget#pensions
To support those with long-term conditions back into the world of work, new services will be available.
These include:
✅ Access to employment advisors
✅ Expanding the number of community hubs that offer health support
✅ Additional mental & physical health resources
Small or medium-sized businesses will be able to claim a credit worth £27 for every £100 they spend if they spend 40% or more of their total expenditure on Research and Development #SpringBudget2023
Full expensing will come in from 1 April, cutting tax for companies that want to invest in the UK, reducing their tax by up to 25p for every £1 they spend on plant and machinery.
The UK is expected to avoid a technical recession in 2023, according to the Office for Budget Responsibility, Hunt tells the Commons. In addition, the rate of price rises, or inflation, is forecast to fall to 2.9% by the end of 2023, according to the OBR #SpringBudget
New - the Energy Price Guarantee will remain at £2,500 a year for a typical household until the end of June.
With energy bills set to fall from July, this change will bridge the gap, easing the pressure on families.
So pleased that Croydon is this year’s London Borough of Culture.
I look forward to seeing Croydon’s unique identity, heritage and character celebrated at a whole host of events taking place throughout the year.
#ThisisCroydon#CultureCroydon