Budget 2017 - PwC comments on what the Budget means for private business

Published at 14:16 PM on 08 March 2017

Ben Handley, director at PwC, comments on what the Budget means for private business: 

“The Budget felt like a bit of a mixed bag for start-up and small entrepreneurial businesses. 

“Measures to relieve the cost of business rates, reduction in administration for R&D claims and confirmation of lower corporation tax rates will be welcomed.  But the reduction in dividend exemption from £5,000 to £2,000 could increase the cost of withdrawing profits from a business by over £1,000 from 6 April 2018.

“We are also expecting a review of the taxation of partnership and company structures in the summer which may provide a backdrop of uncertainty for those setting out now on a new business venture.”

Ends.

For full Budget coverage please visit pwc.co.uk/budget

For further information please contact Tilly Parke: tilly.parke@pwc.com / 020 7804 8761.


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At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

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