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Budget

Pension savers to get more freedom over their retirement money

Pension legislation that forms part of the draft 2011 Finance Bill will give pension savers a greater degree of control over how they use their retirement pots.

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OBR report erring on the side of optimism, says business

The reaction of the business community to the Office of Budget Responsibility’s latest set of economic forecasts was tinged with suspicions that they take too rosy an outlook.

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Chancellor announces new corporate tax measures

The Chancellor, George Osborne took the opportunity of his autumn statement to outline new government plans for business tax.

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UK economy to enjoy stronger growth this year, says OBR

The independent Office for Budget Responsibility (OBR) has revised its growth predictions for the UK economy.

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VAT rise may hit growth

Next year’s increase in VAT may have an adverse affect on the recovery.

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Businesses reminded of looming VAT increase

There are now only two months remaining before the standard rate of VAT climbs from 17.5 per cent to 20 per cent, and VAT-registered businesses are being urged to ready themselves for the change.

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Government publishes a raft of tax consultations

The Treasury has issued nine consultation papers on various aspects of the personal and business tax system in what amounts to a far-reaching overhaul of the entire regime.

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