Well, George Osborne delivered his Emergency budget in just under one hour – setting out some predicted changes, especially with regards to income and capital gains taxes. A quick breakdown of his speech is below: Tax From January 4 next year, the main rate of VAT will rise from 17.5% to 20%. The VAT rise [...]
Tuesday, June 22, 2010
The Chancellor, George Osborne, will be announcing the Con-Lib Coalitions first budget since the election at 12:30 PM today. A lot of speculation hints at an increase in the income tax personal allowance by £1000 to £7,475 – other tax changes are centered around Capital Gains and VAT. Remaining changes will be to expenditure on [...]
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Tuesday, June 22, 2010
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