Emergency Budget 2010 – Introduction Part 1

Steve Wood, one of our Tax Partners, declares the Emergency Budget as one ‘we will think and talk about for years to come’. He goes on to discuss the build up to the Emergency Budget by first reviewing the tax increases we have received to date from recent Budgets.

Analysing: the 50% rate of income tax for higher earners and their loss of personal allowances; the rule changes to pension contributions; National Insurance contributions from April 2011 and the introduction of the Bankers Tax; Steve Wood provides a quick overview of the Budget 2009, the Pre-Budget Reportand the Budget in March 2010.

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