Budget predictions - what the papers say by Rebecca Benneyworth | AccountingWEB

Budget predictions - what the papers say by Rebecca Benneyworth

With the Budget just days away, I have taken a look at what the predictions are over the weekend - traditionally a time for the heavyweight papers to publish their "Budget leaks". So what do they (and members) think is in store for us?

It is Budget week, and the accountancy profession holds its collective breath. What dreadful plans has the Chancellor in his red box?


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bookmarklee's picture

"consensus appeared to be that the Budget would be largely tax n

bookmarklee | | Permalink

No surprise there.
2009/10 allowances and rates were announced last year.
Self assessment payment regime means any tax changes announced today can't impact self employed until 2012 (twelve). Any tax changes would first apply re 2010/11 and only balancing liability would be affected - due 31/1/2012.

(Just seen your final para. Thanks for that, but it won't happen)

Mark Lee
Tax Advice Network

It'll never happen

mikewhit | | Permalink

CPI/RPI indexing of tax bands/allowances ... especially mileage - since that is based on fuel costs from 2003 !

RebeccaBenneyworth's picture


RebeccaBenneyworth | | Permalink

though we have been promised "indexation" of the car fuel benefit scale charge this year - based on what I'm not sure, RPI, CPI or the price of fuel (which would mean it would go donw not up!)