Budget | AccountingWEB


In one of those odd twists of fate that nobody could predict, Mark Lee, AccountingWEB.co.uk's guest practice editor for March has really started something!


We have had an extension of the loss carry back rules before when the economy is under pressure, but I suspect none so well timed in the announcement than this.

The chancellor's sudden decision to change the standard rate of VAT from 17.5% to 15% from Monday 1 December has triggered a flurry of activity and anguish in the financial software industry.


I have been assuming everyone else had worked this out, but the press coverage I was expecting hasn't appeared, so here's my take: the PBR has support for the banking sector written all over it!

Breaking opinion and analysis on the Pre-Budget Report. Karen Thompson of the Institute of Payroll Professionals examines the effects on payroll.

The long awaited information on the new capital allowances rules for cars is now available.


The key small business measures to watch out for include the following:

Corporation tax rate

The announcement that the planned increase in the small company rate of corporation tax was to be deferred for a year was welcome news for smaller businesses.


In time-honoured tradition, with every Budget Report, our long-standing partners Chiltern run a tax sweepstake for AccountingWeb members.