Welcome to Boost #8 “Access to Finance”

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Review of the 2016 Budget

Phil Jones, Director

Budget 2016

Personal Allowance

Higher rate

2015/2016 2016/2017 2017/2018

£10,600 £11,000 £11,500

2015/2016 2016/2017 2017/2018

£42,385 £43,000 £45,000

Capital Gains tax rates

Residential Property Other AssetsBasic Higher Basic Higher

2016/2017 18% 28% 18% 28%

2017/2018 18% 28% 10% 20%

Corporation tax & VAT

Rate remains at 20% but is set to drop to 19% in 2017 & 17% in 2020

Borrowing money from your company now more expensive, increasing from 25% to 32.5% (in line with dividend changes)

VAT registration threshold to increase from £82,000 to £83,000

National Insurance

Class 2 national insurance (self employed) to cease in April 2018.

Reform of Class 4 contributions

Small Business Rates Relief

From April 2017, small businesses that occupies a property with a rateable value of £12,000 (currently £6,000) or less will pay no business rates.

Tax payment dates

As part of the governments plan to move to digital reporting, from 2018, businesses reporting digitally may voluntarily make “pay as you go” tax payments.

This move may allow better cashflow and create a greater link between the earning of the profit and payment of the tax.

Lifetime ISA’s

Available from April 2017 to anyone aged under 40. Up to £4,000 can be saved each year.

25% government incentive.

Money can be used to pay towards a first house purchase or can be saved towards retirement

New Tax allowances

Income from trading income and property income will be tax free where the income is less than £1,000 per annum. Where the income exceeds this amount then either the first £1,000 will be tax free or actual expenses can be deducted.

Comes into effect in April 2017

“Access to Finance”

The Panel

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Lauren Evans, Business Specialist

Roger Wilkins,Director & Business Coach

Ivan Hoo,Investment Analyst

Equity crowdfunding

Enables everyday investors to invest alongside professional angels, VCs making investing in great British businesses accessible, affordable and rewarding.

Equity

Crowd

What are the benefits?

New way to raise New way to raise financefinance

Global Investor ReachGlobal Investor Reach Cost effectiveCost effective Marketing effectMarketing effect Crowd feedbackCrowd feedback ExpertiseExpertise

Financial returnFinancial return ‘‘Armchair DragonArmchair Dragon’’

Support friends and familySupport friends and family ParticipationParticipation Lower/spread riskLower/spread risk Simple to investSimple to invest

Rapid market Growth

£145 MILLION +Successfully

raised

£1,000,000Largest single

investment

£3,700,000Biggest deal

£338,578Average deal

£2,303Average

investment

352Successful

raises

240,000+Investors

£5,000,000 VC + £1,000,000 crowd

Questions from the floor

Boost#9Tuesday 12th July6:00-8:00pmBusiness IT and Online Security Don’t forget to register your place on Eventbriteboost9-it-onlinesecurity.eventbrite.co.uk

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