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Budget March 2014 Headlines for Tech, Digital & Creatives

Headlines include:

  • Extension of Seed EIS tax relief (SEIS) for early stage companies plus 50% CGT exemption
  • Increase in the R&D tax credit payment from HMRC for SMEs from 11% to 14.5% for qualifying expenditure incurred from 1 April 2014
  • Doubling of the Annual Investment Allowance for expenditure on capital equipment from £250,000 to £500,000 from 1 April 2014
  • Personal allowance increases plus welcomed extensions for higher rate taxpayers