UK politics, Spring Budget
Had a quick scan through the Budget and luckily it doesn't seem to affect my business or my personal spending much - mainly because I don't drink alcohol, drive, have a £1m pension pot or a swimming pool and I have to produce mini-pwarings.
UK politics, Spring Budget
@pwaring Do you get hit by the corporation tax change and/or take advantage of the equipment tax break - or aren't you organised that way?
UK politics, Spring Budget
@penguin42 I'm a sole trader rather than a limited company so I don't get hit by corporation tax - although my profits wouldn't be affected as I'd get marginal relief (the increase mainly affects companies with 6 figure profits). I'm entirely service-based so don't have any capital expenditure.
UK politics, Spring Budget
@pwaring @penguin42 you can offset hardware (tools of the trade) and any R+D required
