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.
Tax tables 2008 v 2007
- The chancellor announced that the proposed legislation will be reconsidered and enactment is postponed for a year. More
Company and business taxation
- Changes to associated company rules to exclude business partner's controlled companies
- Simplification review
- The rules by which goods appropriated into and out of trading stock are adjusted to market value becomes statutory
From 6 April 2008 as previously announced in the pre-budget report: