Since its unveiling the Pre-Budget Report (PBR) has attracted no end of media criticism and speculation over its motives and likelihood of success – but what does it actually mean for small and medium sized companies?
In our opinion the PBR offers a number of opportunities for SMEs, particularly in the six month window before the final budget is published. There are also some changes that you need to be aware of in order to meet compliance deadlines, such as the changing VAT figure in January. This month’s newsletter highlights the most relevant aspects of the PBR that specifically relate to your business – some of which will not have made the headlines.
As always, please feel free to contact us to discuss any issues covered here, or any other financial questions you may have. And of course, we wish you a very merry Christmas and a happy New Year!