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Budget Review 2020: Non-domestic Business Rates | MCT Accountants Darlington

Budget Review 2020 | Non-domestic Business Rates

Business rates in England and Wales How your rates are calculated Business rates are payable on most non-domestic properties, including buildings part-used for non-domestic activity. »     A property’s rateable value (RV) is based on a Valuation Office Agency (VOA) valuation using open market rental values as of 1 April 2015, which is then multiplied by a centrally set ‘multiplier’. »     The multiplier you need to use may vary based on your company size Read more…

By Michael Thompson, ago
A Simple Guide To The Budget 2020 | MCT Accountants Darlington

A simple guide to the Budget 2020

This is a basic guide, please contact us for specific advice, where necessary. The message from the Chancellor was that this is a budget that shows ‘the government gets things done.’ You can read the individual measures and details of some of the numerous consultations below. Rates and Allowances 2019/20 2020/21 £ £ Income tax rates – (non-dividend income) 0% lower rate tax – savings rate only Up to 5,000 Up to 5,000 20% basic Read more…

By Michael Thompson, ago