UK Tax News from TaxPenny

Pre-Budget Report 2009

Alistair Darling revealed his Pre-Budget Report at 12:30 PM today. VAT will be going back to 17.5% from January 1st as expected. Small companies benefit from a deferment in the increase of corporation tax. He’s added a 10% corporation tax for income from patents in the UK and wants to charge banks 50% on any [...]

Budget 2009

Alistair Darling presented his second Budget on Wednesday 22 April 2009. Having acknowledged the depth of the recession, he hinted that the Budget measures would enable the UK economy to begin to grow ‘by the end of the year’. As always the timing of the changes needs to be carefully watched – some are immediate [...]

Budget day confirmed

Chancellor Alistair Darling will present his Budget speech at 12.30pm on Wednesday 22 April 2009. We will keep you informed of any further developments. Source: HMRC announcement

Pre-Budget Report 2008

Chancellor Alistair Darling presented his second Pre-Budget Report on Monday 24 November 2008. As expected Mr Darling concentrated on measures to protect and support businesses and individuals in these ‘extraordinary, challenging times for the global economy’. This summary concentrates on the tax measures which are being introduced.  The main tax proposals are: reduction in standard [...]