A Budget for Business
The highlights at a glance
Loss-making companies can reclaim taxes paid on profits made in the past three years to November 2010.
Extension of scheme allowing businesses to defer tax bills.
Support for companies’ cashflow, with a top-up trade credit insurance scheme to match private sector trade credit insurance provision.
Businesses’ main capital allowance rate doubled to encourage firms to bring forward investment.
New £750m investment fund to provide financial support to emerging technologies and regionally important sectors in advances businesses.
Enhanced tax relief to support investment of £50bn this year, including £10bn to support the communications sector and extend the broadband network.
Incentives to encourage smaller North Sea oil fields to be brought into production.