Emergency Budget 2010
Pros:
CGT rises less than expected to28% for higher tax payers.
NI contributions threshold rises by £21 a week above indexation in April 2011
No tax on landlines
No increase in fuel duty.
Personal allowances increased by £1000 to £7475 for under 65's in 2011/12
Reduction in Corp tax from 28% to 24% over 4 years.Small companies down to 20% from 2011.
Cons:
Govt dept cuts of 25%
VAT increase from 4th Jan 2011 to 20%
AIA cut from £100000 to £25000 from April 2012
Capital allowances reduced from 20% to 18% and special rate from 10% to 8% from April 2012.
They did say it was going to hurt but we await the final pain.....
...In Other News
- Badgers (29/06/10)
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- Digital Britain (29/06/10)
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- stewardship- renewal of agreements (28/06/10)
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- the Ministry team (28/06/10)
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- Nitrate Vulnerable Zones (28/06/10)
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- Land Prices (28/06/10)
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- Get A Head v Lords Taverners (28/06/10)
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- polytunnels (28/06/10)
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- Wheat production (28/06/10)
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- chocolate? (28/06/10)
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- High speed travel (28/06/10)
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- Beer...... (28/06/10)
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- Livestock and footpaths (26/06/10)
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- planning (16/06/10)
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- DEFRA investigation (14/06/10)
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- Stewardship entry level easier (09/06/10)
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- Rent control (02/05/10)
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- Farm Scale Energy (03/02/10)
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- Business Premises renovation allowances (03/09/09)
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- Farm building (02/09/09)
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- Planning permission (02/09/09)
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- Farm and Estate Sales (02/09/09)
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- Donating Straw (20/08/08)
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- Launch of David Bussey LLP (15/08/07)
- more »
