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.

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