The April Finance column from Mark Jones of Clay Shaw Butler
By Mark Jones, director of Clay Shaw Butler chartered accountants and business consultants, Lammas Street, Carmarthen The Budget has included important tax simplification measures, a commitment to raise the investment allowance and a vital review of business rates. The Chancellor’s commitment to raise the Annual Investment Allowance to an appropriate level will provide the certainty needed for businesses to plan and invest - something badly needed if the UK is to raise its productivity. The abolition of Class 2 National Insurance contributions for the self employed is also a welcome step. By early 2016, the Chancellor estimates all five million small businesses and the first 10 million individuals will have access to digital tax accounts. Wisely, many will still want their accountant to advise – on what they can claim, how best to minimise payments, and how to take the business forward. Tax-payers will now have a running picture of where they stand. Most businesses simply want a fair...