Budget 2012 | AccountingWEB

Budget 2012

The winner of AccountingWEB’s Budget 2012 sweepstake can now be revealed as tax manager Helen Gale o

In his Budget speech, the Chancellor justified his decision to reduce the top rate of income tax from 50% to 45% based on findings from an HMRC study of how much the higher rate raised in its first


Simon Sweetman takes a look back at Budget 2012 and outlines six things the profession didn’t learn from the Chancellor's speech and published documentation.


ICAS technical policy director James Barbour breaks ranks with the OTS and government over proposed small company accounting reforms.

“Without us, it would be worse,” Office of Tax Simplification policy director John Whiting told AccountingWEB in his 2012 Budget assessment.


The Budget 2012 brought in a raft of changes to the capital allowance system, in particular enhancements to Enterprise Zones allowances, fuel duty and energy saving technologies.

The Chancellor has cracked down on Stamp Duty Land Tax (SDLT) avoidance with two new changes in relation to the purchase of residential properties over £2m.

Companies wishing to grant share options to their employees under Enterprise Management Incentives (EMI) will see the employee limit on the value of shares more than double from £120,000 to £25



Right from the word go, personal tax took centre stage on Budget day thanks to the intense lobbying and debate around the personal allowance for income tax and the 50% top rate of income tax.