GBP400 million cash-flow boost for small and medium-sized businesses.

Publication: M2 Presswire

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COPYRIGHT 2004 Ingram Investment Ltd.

M2 PRESSWIRE-30 January 2004-UK Government: GBP400 million cash-flow boost for small and medium-sized businesses(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:01302004

Increases in the thresholds for small and medium-sized enterprises (SMEs) coming into force today will mean a GBP400 million boost to smaller businesses announced Paymaster General Dawn Primarolo.

The increases, which double the amount of investment eligible for 40 per cent first-year capital allowances, will provide a cash flow increase for smaller businesses of almost GBP400 million over the next 3 years.

Businesses falling under the revised small business threshold will also be eligible for the 100 per cent first-year capital allowance for spending on information and communication technology up until 31 March 2004.

Ms Primarolo said: "Smaller businesses are vital to the UK's economy, prosperity and growth. The increased support will further boost smaller businesses' investments, helping them to...

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