UK Tax News from TaxPenny

June Budget 2010

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 [...]

Emergency Budget 2010 Calculator

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 [...]

2011/2012 Tax Calculator

We’ve just launched another new tax calculator, but this one gives an interesting insight into the announced changes for national insurance from the 2011 tax year. tax calculator powered by UK Tax Calculators Our 2011/2012 Tax Calculator is fully customisable and allows you to be the chancellor, as you can tinker with all the major [...]

Budget 2010 – Highlights

The last budget to be given by labour for a while? Possibly, but this budget could be seen as much a fiscal response as an election response. Read our highlights.

Budget 2010 Predictions

The chancellor has a tough schedule to keep to if he is making any major changes. With the General Election around the corner he wants to keep votes and may find it easier to postpone any hikes until after the election, it would also be difficult to push through the new finance bill before the [...]