What will happen to SMEs after the Autumn Budget 2017?

What will happen to SMEs after the Autumn Budget 2017?

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The Autumn Budget is looming and will be delivered by Chancellor Phillip Hammond on Wednesday 22 November.

The budget is due to be delivered when there is a cloud of uncertainty over the UK due to the stalled Brexit negotiations. This is as well as rumours spiralling that the chancellor is due to be removed.

The Chancellor is said to be planning a “bold” budget, which is meant to draw in younger voters to the Conservative party. By addressing “intergenerational fairness” and talking about reforms relating to stamp duty tax and student loans.

We wonder how the Autumn Budget 2017 will affect small businesses? Will it help or hinder?

We won’t be getting answers to these questions until the 22nd but there has been speculation, as always.

The main topics that we think need to be concentrated on are:

  • Business Rate Hikes
  • Pensions
  • Export and Exchanges Rates
  • VAT Flat Rate Scheme
  • Corporation Tax
  • NICs
If you feel the Autumn Budget 2017 will affect your business, then get prepared by contacting us. We can offer a number of bespoke finance options that will cater to your businesses needs. As we are an independent business, we are able to ensure we do give you the best option for your financial situation too.