Review of the March 2015 Budget from chartered tax accountant, Phil Jones, from Wilkinson and Partners and

1. Welcome to
Boost #8
“Access to
Finance”
@boostbristol
#boostbristol

2. Review of the 2016 Budget
Phil Jones, Director

3. 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

4. Capital Gains tax rates
Residential Property Other Assets
Basic Higher Basic Higher
2016/2017 18% 28% 18% 28%
2017/2018 18% 28% 10% 20%

5. 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

6. National Insurance
Class 2 national insurance (self employed) to
cease in April 2018.
Reform of Class 4 contributions

7. 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.

8. 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.

9. 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

10. 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

11. “Access to
Finance”
The Panel
@boostbristol
#boostbristol

12. Lauren Evans,
Business Specialist

13. Roger Wilkins,
Director & Business Coach

14. Ivan Hoo,
Investment Analyst

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

16. Equity

17. Crowd

18. What are the benefits?
 New way to raise financeNew way to raise finance
 Global Investor ReachGlobal Investor Reach
 Cost effectiveCost effective
 Marketing effectMarketing effect
 Crowd feedbackCrowd feedback
 ExpertiseExpertise
 Financial returnFinancial return
 ‘‘Armchair Dragon’Armchair Dragon’
 Support friends and familySupport friends and family
 ParticipationParticipation
 Lower/spread riskLower/spread risk
 Simple to investSimple to invest

19. Rapid market Growth

20. £145 MILLION +
Successfully
raised

21. £1,000,000
Largest single
investment
£3,700,000
Biggest deal
£338,578
Average deal
£2,303
Average
investment
352
Successful
240,000+
Investors

23. £5,000,000 VC +
£1,000,000 crowd

30. Questions from the floor

31. Boost#9
Tuesday 12th
July
6:00-8:00pm
Business IT and
Online Security
Don’t forget to register your place on Eventbrite
boost9-it-onlinesecurity.eventbrite.co.uk
Thank you!
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