Friday, March 13, 2020

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Budget 2020: real estate tax changes | Hogan Lovells - JDSupra

Here is a brief summary of the measures in the March 2020 Budget which are relevant to the Real Estate sector.

 Rate of Structures and Buildings Allowance – An increase to the annual rate of the Structures and Buildings Allowance (SBA) from 2% to 3% will apply from 1 April 2020 for corporation tax purposes and 6 April 2020 for income tax purposes. This increase reduces the time it will take to relieve qualifying expenditure on a non-residential building from 50 years to 33 and one third years.

Publisher: JD Supra
Twitter: @jdsupra
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How Targeted Marketing Maximizes Your Marketing Budget - Business 2 Community

There are many products on the market that seem like they are the perfect addition for any home or office. It can be frustrating for a company when they work hard to create promotional blog posts , videos, infographics, and eBooks that don't attract the right leads. The truth is, if you're marketing to everyone, you're marketing to no one.

According to a 2020 survey from HubSpot completed by 3,400 marketers, 70% of marketers are actively investing in content marketing. Considering HubSpot's 2019 study revealed marketers who prioritize their blogging efforts were thirteen times more likely to see a positive return on their investment, it makes sense that companies are allocating more dollars towards content marketing.

Publisher: Business 2 Community
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Budget 2020: company car taxable benefits | Accountancy Daily

As announced at Budget 2020, company car tax rates temporarily reduce to meet WLTP change, CO2 emission thresholds, and van and car benefit charges. Zak Jakubowski reports

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Rates will return to planned levels over the following two years, increasing by 1% in 2021-22 and 1% in 2022-23. Rates will then be frozen until 2024-25.

The tax cut will only affect cars measured under the new Worldwide harmonised Light Vehicle Test Procedure (WLTP) which is the new emissions measurement standard.

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And here's another article:

Shropshire businesses welcome Budget pledges | Shropshire Star
Author: James Pugh
Twitter: @ShropshireStar
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Murphy Oil slashes capital expenditure budget 35% - Talk Business & Politics

Murphy Oil Corp. said Thursday (March 12) it will revise its capital spending plans for 2020 given current market conditions and recent commodity price volatility.

El Dorado-based Murphy Oil said it would reduce its exploration spending by $500 million to $950 million, roughly a 35% decrease. The move comes as Russia, Saudi Arabia and other oil producing nations have decided to keep production levels at a higher-than-expected pace. Those decisions have dropped crude oil prices to multi-year lows.

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Publisher: Talk Business & Politics
Date: 2020-03-12T12:49:58 00:00
Twitter: @robybrock
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Scottish business reacts to Budget moves on oil industry and food and drink - Business Insider

There was good news for Scotland's energy industry and for food and drink in Chancellor Rishi Sunak's first Budget.

Business welcomed the fact that the Chancellor had not introduced measures on the oil and gas industry.

EY oil and gas tax lead Derek Leith said: "The new Chancellor's decision to hold steady and make no legislative change for the oil and gas industry is a welcome move.

"In recent years we've seen significant change to the tax landscape for the oil and gas sector, with successive governments acknowledging the maturity of the basin and the need to have stable fiscal conditions for investment. Last weekend's drop in oil price demonstrates that there is significant volatility in the sector with global demand faltering and supply side discipline disappearing.

Publisher: businessInsider
Date: 2020-03-12T13:31:53Z
Author: Ken Symon
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Budget 2020: what limited company contractors can expect

Tomorrow, Wednesday March 11th, the government is finally set to reveal the details of its already-delayed Budget -- Rishi Sunak's first as chancellor, and the first in 18 months for the government, which is a new record for the UK.

Depending on how Mr Sunak plays this (given that he's been in the post for less than a month), the financial implications of Budget 2020 for limited company contractors could be huge, writes Victoria Kelly, director of operations at Nixon Williams .

Publisher: www.contractoruk.com
Author: Victoria Kelly
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