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Pre-Budget Report 2009 - key business issues

Having listened to the Chancellor and looked - very briefly - at the Treasury and HMRC's websites the key business issues appear to be:
  • the freeze of personal allowances and tax bands which will negate any employee pay rises and make middle income earners worse off
  • the further deferral until April 2011 of the rise in the lower corporation tax rate form 21% to 22%
  • an increase in national insurance rates by 1% (as opposed to ½%) from April 2011
  • a consultation to reduce tax on profits from certain R&D but not until 2013  
  • a very large amount of anti-avoidance.
Further details will follow on the key issues.

 

 

Date: 9th December, 2009
Author: Cathy Corns

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