Budget | AccountingWEB


The beneficial tax treatment afforded to Furnished Holiday lettings (FHL) in the UK extends to favourable treatment of losses – permitting them to be set against other income in the same way as tra


We've all heard what the Chancellor has to say, but what do the accounting and business communities think of this year's Budget?


  • The full rate of corporation tax for the Financial year 2010 starting 1 April 2010 will remain 28%

  • Personal allowances and tax bands (including national insurance rates and bands) were, as expected, unchanged from those announced in November as part of the Pre Budget Report.

A new scheme to enable them to purchase 'top-up'trade credit insurance from the government if credit limits on their UK customers are reduced has received a cool reception from UK business comm

Alistair Darling has promised not to allow short term job losses to become long term unemployment, announcing a raft of new measures aimed at helping the jobless gain skills and find work, repo

VAT-registered businesses that supply goods (but not services) to business customers registered in other EU countries have to complete a quarterly EC Sales List (ECL), largely to provide the Govern

A new electronic VAT Refund procedure is being introduced across the EU from 1 January 2010 to replace the current paper-based system.