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Entrepreneurs to benefit from PBR 2008 in the short term

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1st December 2008

We have published our in-depth analysis of the 2008 Pre Budget Report (PBR) which is available free of charge.

Richard Mannion, National Tax Director at Smith & Williamson said: "Given the current state of the economy, it is not surprising that the PBR focused on macro economics. However the Government had to be seen to be doing something to stimulate the economy by supporting small businesses, which Mr Darling referred to as the economic engine room of the UK. Consequently it was good to see that the Chancellor did do something for small businesses. Whilst the cash impact will be relatively small, the delay in introducing the threatened increase in small countries rate corporation tax and the extended loss relief carry back will be of some help."

You can also request a hard copy of the report by contacting Joanna James on 0207 131 4489 or by emailing joanna.james@smith.williamson.co.uk

For more information on the PBR contact

Richard Mannion, national tax director
tel: 0207 131 4252
email: richard.mannion@smith.williamson.co.uk

PR enquiries to

  • Kate Harrison 0207 131 4228
  • Jess Koslow 0207 131 4264
  • Alison Hayman 0207 131 4138

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Note to editors

Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Birmingham, Bristol, Dublin, Glasgow, Guildford, Maidstone, North London, Salisbury, Southampton, and Worcester.

Smith & Williamson Limited

Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms.