Ed Gooderham’s thoughts on the Budget
Ed Gooderham, partner at Green & Co, tweeted along live with George Osborne’s Budget announcements. Catch up with his thoughts here…
#Budget2016 Osborne just started speaking, let’s see how he will tax us and what new ideas we will come up with!
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – Growth of 2% per year for the next five years for the economy? Are you happy with only 2% growth in your business?
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – reduction in corporation tax to 17% by 2020
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – micro digital entrepreneurs £1,000 tax free allowance. Look forward to reading the small print.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – Business rate relief for small businesses is good news.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – stamp duty for commercial property on the same basis as residential property.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – the Severn tolls will be halved by 2018! Why didn’t he scrap them?
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – insurance premium tax will only be increased by 0.5% not the 3% the papers were saying.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – fuel duty will be frozen again this year.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – Self employed NI stamp will cease in 2018.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – big changes to capital gains tax from April – higher rate 20% and 10% for basic rate band.
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – ISA limit increased to £20,000!
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – lifetime ISA ?
— Ed Gooderham (@Green_and_Co) March 16, 2016
#Budget2016 – basic rate tax band increased in 2017 to £33,500 so that you don’t pay higher rate tax until you earn over £45,000.
— Ed Gooderham (@Green_and_Co) March 16, 2016
If you have any questions on any of the above or about the Budget in general, please don’t hesitate to contact us on 01633 871122
