While this year’s hour-long Pre-Budget Report may have seemed like hot air to many, Darling did include a number of substantial changes to personal tax.
We’ve surveyed the initial reaction to Alistair Darling's pre-budget report from across a broad spectrum of UK organisations.
As you might have noticed, the PBR is unusually late this year, but then it has an unusual amount to deliver. Will shrewd government be able to save us from the worst of the coming recession?
Updated tables following the chancellor of the exchequor's announcement on 13 May 2008 to increase the personal allowance (age under 65) by an extra £600.
'If "simplification" means more tinkering with small business taxation, then count me out.'
A summary of the main tax announcements in the 2008 budget report, combined with 2008/09 tax measures announced previously in the 2007 budget and pre-budget reports.
Non-domiciled residents who have lived in the UK for seven out of the last ten years will have to pay a levy of £30,000 to avoid paying tax on their foreign earnings, it has been announced.
The review of HMRC's powers, deterrents and safeguards will continue into 2008 following the consultations issued in 2007. To re-cap on the new regime which applies from 6 April 2008:
In his first budget Alistair Darling announced that the government will not be enacting its proposed legislation to combat what it terms as "income shifting".