Emergency Budget - June 2010 - Summary
George Osborne presented his first Budget on Tuesday 22 June 2010.
Ominously titled an Emergency Budget and with plenty of advance indications that it was going to contain unwelcome news for everyone, it also broke with tradition by seeking to set out the Coalition Government's strategy for the duration of the Parliament. At last we know what changes are proposed to Capital Gains Tax, National Insurance and personal tax allowances but there is much more besides including clear evidence of the hand of the Liberal Democrat in some of the detailed provisions.
The advent of higher personal tax rates always sees increased activity in the tax-planning industry, matched by a determination on the part of HMRC to counter what are seen as abuses of the system. The small print in the announcements shows that the government hopes to have made some pre-emptive strikes.
Our summary focuses on the issues likely to affect you, your family and your business. To help you decipher what was said we have also included our own comments.
Rabjohns Emergency Budget Summary - June 2010
Budget 2010 Summary
Alistair Darling presented his third Budget on Wednesday 24 March 2010.
Having acknowledged that the country is emerging from deep global recession and needing to provide a route to long term prosperity he announced a number of new measures. Some will take effect immediately, whilst others will be enacted by a Finance Bill 'as soon as possible' in the next Parliament, so the timing of the changes needs to be carefully watched.
Our summary focuses on the issues likely to affect you, your family and your business. To help you decipher what was said we have included our own comments.
To view Rabjohns Budget Summary 2010 please follow the link below
Rabjohns Budget Summary 2010
Pre-Budget Report 2009
Alistair Darling presented his Pre-Budget Report on Wednesday 9 December 2009. He spoke of the Report taking place at 'a critical time for our economy'. Following his Budget 2009 focus on securing growth "by the end of the year" he has shifted his focus on to securing long-term growth with a number of measures and certain tax increases, principally aimed at the higher earners.
As always the timing of the changes needs to be carefully watched - some are immediate but some are delayed to 2010 and beyond.
To view Rabjohns Pre-Budget Report 2009 please follow the link below.
Rabjohns Pre-Budget Report 2009
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