Small business rate relief – the present relief will be extended for a further 6 months from 1st October 2012.
National Loan Guarantee Scheme – over the next 2 years the scheme will lower the cost of bank loans for smaller businesses by up to one percentage point. Firms should apply to their bank in the normal way quoting the above scheme.
Tax allowances 2012/13 – the personal allowance will rise from £7475 to £8105. The higher rate threshold remains at £42475.
