Budget

Darling’s hour-long Pre-Budget Report was heavy on forecast and history: the Chancellor didn’t announce his first policy until almost four o’clock.

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Many were hoping the Chancellor would announce a deferral of VAT or tax payment dates, especially with the 31 January SA payment deadline looming. Realistically this was never going to happen.

Breaking opinion and analysis on the Pre-Budget Report. In light of the reduced VAT rate, Alan Pearce points out some basic applying rules.

The planned increase in the small companies rate from 21% to 22% has been delayed until 1 April 2010. This was previously to take effect from 1 April 2009.

Breaking opinion and analysis on the Pre-Budget Report. Dennis Howlett reveals how Darling's poker face may have been the best thing about his whole speech.

Breaking opinion and analysis on the Pre-Budget Report. Andrew Jupp, Tenon’s Head of Tax, comments on Darling's consumerist mindset.

The government has announced it is not to proceed with the income shifting legislation for now.

As widely predicted before the Pre-Budget Report, the Chancellor confirmed that the standard rate of VAT is to be cut by 2.5% to 15% - the lowest level allowed under EU law - with effect from 1 Dec

As widely predicted before the Pre-Budget Report, the Chancellor confirmed that the standard rate of VAT is to be cut by 2.5% to 15% - the lowest level allowed under EU law - with effect from 1 Dec

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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.

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