| Budget
- 21st March 2007
This
was Chancellor Gordon Brown's eleventh and most likely his
last Budget. In a budget speech where 'prudence' was not mentioned
he described this budget to expand prosperity and fairness
for Britain's families.
Key
Points
- Basic
rate of Income Tax to be reduced to 20% from 6 April 2008
- Removal
of 10% lower rate Income Tax band from 6 April 2008 for
non-savings income
- Mainstream
Corporation Tax reduced from 30% to 28% from 1 April 2008
- Attack
on small company incorporations by increasing the Small
Company rate from 19% to 22% by 2009
- Reform
of Capital Allowances and the phased abolition of Industrial
& Agricultural Buildings Allowances
To
download your copy of our 2007 Budget booklet in PDF format,
please click on the following link:
Budget
Booklet 2007
Adobe
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