Tax and business support in Wales
Welsh income tax rates are currently the same as those in England and Northern Ireland, so your personal tax is worked out the same way. Grants, advice and funding come through Business Wales, and we can point you to the support available in your area.
Startups in Swansea
Swansea has strengths in advanced manufacturing and tech. Business Wales can help with local grants and advice, and our funding page explains how we help you get ready for a loan, a grant or investment.
What should Swansea's manufacturing and tech businesses plan for?
Manufacturers in South West Wales buy plant and machinery, which can qualify for the Annual Investment Allowance and, for companies, full expensing. The date of the purchase decides which year the relief falls in, so buying just after the year end delays it by twelve months. Tech businesses with uneven sales still have VAT returns due, usually every quarter, once they are registered, and founders in Self Assessment may have payments on account due in January and July. Welsh income tax rates currently match those in England and Northern Ireland, so the personal tax calculation is the same. Grants, advice and support in Wales come through Business Wales.
