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Corporation tax rate falls to 19%

The tax rate for corporation tax is now 19% for 2017/18.

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Business rates revaluation from 1 April

The next business rates revaluation will take place on 1 April 2017.

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Business premises renovation allowance ends

Business premises renovation allowance ends on 31 March 2017 for corporation tax and 5 April 2017 for income tax.

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VAT thresholds from 1 April 2017

The taxable turnover threshold for registering for VAT will increase from £83,000 to £85,000 from 1 April 2017.

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Trade deal priority for small businesses

Continued access to EU markets is top priority for smaller businesses ahead of Brexit negotiations.

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