Budget

Budget could see boost to R&D tax breaks

The forthcoming Budget may include news about improved tax reliefs for small firms.

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Bank levy to rise ahead of the Budget

The Chancellor, George Osborne has said that the levy charged on bank profits is to rise by an extra £800 million this year.

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Chancellor wants ideas for the Budget

The Chancellor, George Osborne has flagged up a new online portal, designed to elicit ideas from the public and from businesses for the forthcoming Budget.

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Retail sales likely to be hit by VAT rise

The rise in the standard rate of VAT, from 17.5 per cent to 20 per cent, is likely to hit retailers, a new study has suggested.

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Income splitting under review again

The question of family firms that split income between husbands and wives in order to reduce tax liabilities may come under the scrutiny of the Office of Tax Simplification (OTS).

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Pension savers to get more freedom over their retirement money

Pension legislation that forms part of the draft 2011 Finance Bill will give pension savers a greater degree of control over how they use their retirement pots.

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OBR report erring on the side of optimism, says business

The reaction of the business community to the Office of Budget Responsibility’s latest set of economic forecasts was tinged with suspicions that they take too rosy an outlook.

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Chancellor announces new corporate tax measures

The Chancellor, George Osborne took the opportunity of his autumn statement to outline new government plans for business tax.

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UK economy to enjoy stronger growth this year, says OBR

The independent Office for Budget Responsibility (OBR) has revised its growth predictions for the UK economy.

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VAT rise may hit growth

Next year’s increase in VAT may have an adverse affect on the recovery.

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