Category Archives: pre-Budget Report

Chancellor confirms Pre-Budget Report to be dropped

The government is to axe this year’s pre-Budget Report. In its place, the Chancellor, George Osborne, who confirmed the change in a letter to the chairman of the Commons select Treasury Committee, will deliver an autumn statement. The statement is …

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VAT may be pushing prices up earlier

  Some businesses may be looking at raising their prices sooner rather than later in anticipation of the VAT hike set for January next year. The standard rate of VAT will rise from 17.5 per cent to 20 per cent …

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Pre-Budget Report to be ‘dropped’

The government is likely to axe this year’s pre-Budget Report, according to press reports. The Financial Times has suggested that the PBR will be replaced with a shorter statement to be delivered in November or December once the Office for …

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Self assessment tax date looming

Taxpayers are being reminded that the date for making the next set of self assessment tax payments will be arriving soon. The second payment on account for 2009/10 needs to be made by 31 July, along with any outstanding amounts …

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Question mark over pre-Budget Report

It is thought that the government may look at removing, if only temporarily, the autumn pre-Budget Report. The pre-Budget Report was introduced by Gordon Brown when he was Chancellor. Press reports have suggested that a decision on whether to stage …

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Tax date likely to see increase in deferred payment requests

The government’s scheme to help businesses that are struggling to pay their tax bills could see a rise in requests to delay payments as the self-assessment date approaches. The Business Payment Support Service was set up by the Chancellor to …

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Consultation begins on broadband tax

Plans for a proposed new levy aimed at raising funds to boost the UK’s broadband network have gone out to consultation. As announced in the pre-Budget Report, the tax will impose a 50p monthly charge on all landlines, the revenue …

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Broadband tax could have bigger impact on smaller firms

Small businesses may end up paying more under the government’s proposed landline duty than their larger counterparts. The duty, confirmed in the pre-Budget Report, will see 50p a month charged on each business and domestic landline, the money earmarked for …

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Uncertainty’ over personal accounts pensions

The low profile given to plans for the introduction of personal accounts pensions, the government-backed workplace savings scheme, in the pre-Budget Report has created an element of confusion, the Commons Treasury Select Committee has heard. Addressing the select committee, John …

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‘Time to pay’ scheme might become more demanding

Firms that want to agree an extended timetable for paying their tax bills under the Business Payment Support Service might be faced with more stringent questioning from HM Revenue and Customs. In the pre-Budget Report, the Chancellor said the scheme, …

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Pre-Budget Report 2009: business reaction

Business groups greeted the Chancellor’s pre-Budget Report with a mixture of encouragement and dismay. While the delay in the planned increase in small companies’ corporation tax and support measures for SMEs gained approval, the decision to raise national insurance contributions …

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Pre-Budget Report 2009: an overview

The Chancellor, Alistair Darling introduced a pre-election pre-Budget Report to the Commons that would, he said, “build a strong economy and a fair society”. He went on to say that he wished to take steps to “support the economy, businesses …

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Pre-Budget Report 2009: an outline summary

Tax VAT is to revert to 17.5 per cent as of 31 December, but no other VAT measures are planned Employer and employee national insurance contributions to rise by further 0.5 per cent as from April 2011, although the threshold …

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