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This Report, which was written immediately after Alistair Darling's Budget, is intended to provide an overview of the announcements most likely to affect you or your business.
We are here to advise. We can help you to reassess your plans regularly, and adapt them as your personal and business circumstances change. With our advice we can help you plan for a rewarding and financially secure future.
Please note: while most taxation changes take effect from the start of the financial year, or tax year, some may not take effect until 2010, or later. Where relevant, details of these changes have been included in this Report.
The Budget Speech is followed by the publication of Finance Bill 2009 and, in due course, probably around July 2009 the Finance Act 2009 will receive Royal Assent. This will trigger some of the changes that are outlined in our Report.
Our 2009 Budget service includes an easy to navigate report covering most of the personal and business changes. Please review our Report and, where you see announcements that are of interest, do please contact us in order that we may advise you regarding your own particular situation and requirement.
HM Revenue and Customs (HMRC) has reminded some people that if they wish to take advantage of the chance to top up more than six years of their NICs they need to act quickly.
The government has been called on to adopt a new approach in order successfully to rebuild and rebalance the UK economy.
It will take people less time to qualify for a full state pension in the future.
The government needs to set out clear plans for reducing the budget deficit sooner rather than later, the CBI has argued.
The British Chambers of Commerce (BCC) has revised its forecast for the UK’s economic recovery, saying that the rate of growth will be slower in 2011 than had been anticipated.
Each year, the government introduces regulatory changes affecting businesses on two common commencement dates. These dates are 6 April and 1 October.
The government has been urged to look at the issue of flat rate VAT charges in the forthcoming Budget.
People with offshore funds who made use of HM Revenue and Customs’ New Disclosure Opportunity have been reminded that payments of outstanding taxes must be made by 12 March.
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