Pre-Budget Report 2009 - key business issues
Having listened to the Chancellor and looked - very briefly - at the Treasury and HMRC's websites the key business issues appear to be:
- the freeze of personal allowances and tax bands which will negate any employee pay rises and make middle income earners worse off
- the further deferral until April 2011 of the rise in the lower corporation tax rate form 21% to 22%
- an increase in national insurance rates by 1% (as opposed to ½%) from April 2011
- a consultation to reduce tax on profits from certain R&D but not until 2013
- a very large amount of anti-avoidance.
Further details will follow on the key issues.
