Pre Budget Report 2007 - What wasn't in it?
The timing of the Pre Budget Report this year has meant that there wasn’t time for the Government to reach its conclusions on a number of on-going consultations. Notable for their absence are...
announcements on:-
- Reform of capital allowances and the introduction of a £50,000 Annual Investment Allowance.
- Measures to counter the perceived (from the Revenue’s perspective) avoidance of tax by husband and wife companies.
- Changes in the taxation of foreign income received by UK groups.
We can assume that all of these will be picked up in the Budget 2008.

