Budget Report 24 March 2010

Introduction

This Report, written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the announcements most likely to affect you and your business.

 

There remains an element of uncertainty regarding the final fiscal measures for 2010/11 given that, if the forthcoming election results in a change of government, there is almost certain to be a second Budget.

 

With the ongoing challenging economic conditions this Pre-Election Budget was awaited with interest regarding the changes announced by the Chancellor. Notwithstanding any further changes as a consequence of any further Budget, you will need to consider the impact of the announcements on you and, if you are in business, your business.

 

Please note: while most taxation changes take effect from the start of the financial year, or tax year, some may not take effect until 2011, or later. Where relevant, details of these changes have been included in this Report.

 

This Report is based on press releases issued immediately after the Budget on 24 March 2010. These proposals may be amended.

 

Please click on one of the links below for further information:

• Business and investment incentives

• Personal taxation and savings

• Capital taxes

• Duties

• General announcements

• Value Added Tax

• Vehicle taxation

• The Economy

Professional advice should be obtained before acting on any information contained herein. No responsibility can be accepted by the publishers or this firm for any loss occasioned as a result of action taken or refrained from in consequence of the contents of this publication.

© 2012 McAllen and Co | Budget report 24 March 2010

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