Budget

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.

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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.

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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.

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

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Among all the recession-fighting tax giveaways and political badminton of the 2008 Pre-Budget Report, the chancellor claimed to have reaped savings of £26.5bn in a five-year goverment efficiency dr

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