To understand how announcements made in the Budget on 29th October, 2018 will affect your financial situation, read on....
The main rate of corporation tax remains at 19% for 2019/20.
The intention to cut the rate of corporation tax to 17% in 2020/21 was reiterated.
Annual Investment Allowance
The annual investment allowance will be temporarily increased from £200,000 to £1M for a two-year period from 1st January, 2019.