Menu
30/01/2004
SMEs to gain from £400m tax boost
Small and medium-sized enterprises (SMEs) are set to receive a £400 million boost today, Paymaster General Dawn Primarolo has announced.
The increases, which double the amount of investment eligible for 40% first-year capital allowances, will provide a cash flow increase for smaller businesses of almost £400 million over the next three years.
Businesses falling under the revised small business threshold will also be eligible for the 100% first-year capital allowance for spending on information and communication technology up until March 31 2004.
Ms Primarolo said: "Smaller businesses are vital to the UK's economy, prosperity and growth. The increased support will further boost smaller businesses' investments, helping them to grow and compete to ensure that the UK economy remains the fastest growing economy in Europe."
(gmcg)
The increases, which double the amount of investment eligible for 40% first-year capital allowances, will provide a cash flow increase for smaller businesses of almost £400 million over the next three years.
Businesses falling under the revised small business threshold will also be eligible for the 100% first-year capital allowance for spending on information and communication technology up until March 31 2004.
Ms Primarolo said: "Smaller businesses are vital to the UK's economy, prosperity and growth. The increased support will further boost smaller businesses' investments, helping them to grow and compete to ensure that the UK economy remains the fastest growing economy in Europe."
(gmcg)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 November 2018
Public Urged To Support Small Businesses
The Lord Mayor welcomed the Small Business Saturday campaign bus to Belfast on Friday, 02 November, in the run up to 'Small Business Saturday' on 01 December. Councillor Deirdre Hargey joined the Federation of Small Businesses (FSB) and others to support the grassroots campaign which encourages people to support small businesses and shop local.
Public Urged To Support Small Businesses
The Lord Mayor welcomed the Small Business Saturday campaign bus to Belfast on Friday, 02 November, in the run up to 'Small Business Saturday' on 01 December. Councillor Deirdre Hargey joined the Federation of Small Businesses (FSB) and others to support the grassroots campaign which encourages people to support small businesses and shop local.
16 October 2018
Entries Open For FSB Celebrating Small Business Awards
The Federation of Small Businesses (FSB) has announced that entries are now open for the Celebrating Small Business Awards, showcasing the best small businesses from across the UK including local awards for Northern Ireland The FSB Awards recognise the best small businesses and the self-employed from right across the UK, from every sector and indus
Entries Open For FSB Celebrating Small Business Awards
The Federation of Small Businesses (FSB) has announced that entries are now open for the Celebrating Small Business Awards, showcasing the best small businesses from across the UK including local awards for Northern Ireland The FSB Awards recognise the best small businesses and the self-employed from right across the UK, from every sector and indus
20 September 2017
Council Launches New Small Business Support Programme
Belfast City Council has launched a new supportive programme for Belfast based micro, small businesses and social enterprises, called 'Think.Do.Be.'.
Council Launches New Small Business Support Programme
Belfast City Council has launched a new supportive programme for Belfast based micro, small businesses and social enterprises, called 'Think.Do.Be.'.
13 November 2018
Small Business Saturday Announced For 01 December
Small Business Saturday is a campaign that highlights small business success and encourages consumers to 'shop local' and support small businesses in their communities in stores, in offices or online. The day itself takes place on the first Saturday in December each year, but the campaign aims to have a lasting impact on small businesses.
Small Business Saturday Announced For 01 December
Small Business Saturday is a campaign that highlights small business success and encourages consumers to 'shop local' and support small businesses in their communities in stores, in offices or online. The day itself takes place on the first Saturday in December each year, but the campaign aims to have a lasting impact on small businesses.
07 December 2017
NI Business Owner Visits 10 Downing Street
A business owner from Northern Ireland has just returned from her visit to 10 Downing Street as part of this year's Small Business Saturday Top 100.
NI Business Owner Visits 10 Downing Street
A business owner from Northern Ireland has just returned from her visit to 10 Downing Street as part of this year's Small Business Saturday Top 100.
-
Northern Ireland WeatherThis Evening and Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Light winds. Minimum temperature 0 °C.
