Nothing here of any use, but then no particularly bad news either, for the majority of my clients – small & micro/owner-managed businesses. 

No increase in the tax free allowances – so in effect these have reduced when considering inflation. 

The AIA (Annual Investment Allowance – tax relief on capital expenditure) has increased from £50,000 per annum to £100,000 – but few small businesses will be able to afford that level of capital investment anyway.

VAT, personal & corporation tax rates remain as for last year, although National Insurance and the small companies corporation tax rate are set to go up by 1% next year.

Fuel duty is going up – 3p per litre staggered to take effect, 1p each time, 1st April, 1st October, 1 January2011.

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