Deloitte's Commentary On The Budget 2010

This Budget has two themes for business: a package of support for small business and the threat of potential tax increases for employees who receive some types of shares in their employer.

The small business support package includes:

• A one-year holiday from business rates for properties valued up to £6,000, with transitional relief for properties valued up to £12,000. This will apply from October 2010 and is hoped will benefit 345,000 small businesses.
• Extension of the Business Payment Support scheme for a further five years. This has benefitted over 168,000 businesses, but 80% have made multiple, or repeat applications.
• Doubling the Entrepreneurs relief limit to £2 million - gains up to this level are taxed at 10%.