Emergency Budget 2010 – Introduction Part 2

Continuing his assessment of the impact tax changes will have on clients, our Tax Partner Steve Wood reviews the ‘Document for Government’ supplied by the coalition government on the 19th May and the key features of the Emergency Budget itself.

These include: the VAT rate increase to 20% (4th January 2011); Corporation Tax reductions for small and large companies; increase of Income Tax personal allowance and the rules for pension contributions.

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