UK Treasury Announces Tax Cuts for Small Businesses

UK HM Treasury has announced the start of tax cuts for small businesses on 6 April 2022.

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Tax cut worth up to £1,000 for half a million small businesses starts today

Nearly half a million UK businesses will benefit from a tax cut worth up to £1,000 from today (6 April 2022).

• Tax cut worth up to £1,000 for eligible businesses announced by the Chancellor at the Spring Statement takes effect today.
• Increase in Employment Allowance from £4,000 to £5,000 benefits around 495,000 businesses …