Pre Budget Report 2009 - Income Tax

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04/01/1900

Income Tax

The Chancellor made no changes to the main allowances and tax bands for the coming tax year. This was because the annual change in the RPI to September 2009 – the basis for any statutory increase – was -1.4%.

Even with no Pre-Budget Report change, 2010/11 will herald important tax increases announced in the last Budget. Looking further out, Mr Darling said that in 2012/13 the higher rate tax starting point would be frozen at its 2011/12 level, although personal allowances will increase in line with inflation.


All the information and views given in this Bulletin are presented for general consideration only. Accordingly, Capital Ideas can accept no responsibility for any loss occasioned as a result of any action taken or refrained from as a result of the contents hereof. Readers and must always seek independent advice before taking
or refraining from taking any action.

The contents of this Bulletin are based on the proposals put forward by the
Chancellor in his Pre Budget Report. These need to be approached with caution as the details may change before the Finance Bill is presented to Parliament

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