Budget 2011 | AccountingWEB

Budget 2011

The government's Plan for Growth report promises a package of initiatives to support the UK’s di

The formation of 21, not just a measly 10 Enterprise Zones as trailed ahead of the Budget, provided a centrepiece for George Osborne’s growth-focused speech.


George Osborne allocated a large part of his Budget speech to new measures designed to encourage people to give more to charity.


Chancellor George Osborne pledged in his Budget speech this week to reform the UK’s money laundering regime, but stopped short of providing any detail.


For tax advisers, there were two main areas of suspense on 23 March.


Unbelievable as it seems, according to HMRC there are employers who dutifully deduct PAYE and NIC from their employees’ paypackets every pay day, but somehow or other the money never reaches HMRC.


The Chancellor has lowered the threshold relating to low value imports from suppliers outside the EU from £18 to £15, although many are concerned that he has not gone far enough.


Tax adviser Alison Houghton broke the habit of a lifetime by winning an Apple iPad in Venture Finance’s 2011 Budget Sweepstake.