Budget 2003: Tax breaks for IT spending

• Author:
• OUT-LAW.COM

The UK’s Budget 2003 received a cautious welcome from the IT sector yesterday. Most significantly for the industry, Chancellor Gordon Brown has extended capital allowances for IT purchases until 31 March 2004, and introduced research and development tax credits for all companies.

The Budget also tells small businesses to expect “revised and simplified guidance” on the Data Protection Act by the end of May.

The Budget extends 100% first-year capital allowances for information and commu... (30 more words)

Member login

If you are a member of the Workplace Law
Network, please enter your details below

My email address
My password
Keep me logged in:
	I've forgotten my password

Protecting your data

We take data protection very seriously. We will never share your data with third parties. We process data in accordance with: the Data Protection Act 1998; the 11th edition of the British Code of Advertising, Sales Promotion and Marketing Practice; and the DMA Direct Marketing Code of Practice.