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JMRAccounting

  1. and thats the 2012 Budget......55 minutes of it!
  2. ..........The withdrawal will be gradual - 1% of benefit for every £100 earned.
  3. The salary threshold at which child benefit stops being paid will be set at £50,000 - rather than about £42,000..........
  4. Personal allowance - increase personal allowance from April 2013 to £9205
  5. .......Other taxes on the rich that he has announced will raise five times more than the amount lost by moving to a 45p rate........
  6. Stamp duty on individual-owned properties worth £2m+ will be set at 7%.
  7. Income tax - high rate of 50% reduced to 45% from April 2013
  8. No change in pension relief
  9. Stamp duty rate on properties worth more than £2m via companies will be raised to 15%
  10. Chancellor says tax evasion &aggressive tax avoidance are "morally repugnant"
  11. Personal tax - Vehicle excise duty frozen for road hauliers
  12. Fuel duty - no change. Increase vehicle excise duty by inflation
  13. Gambling duty - new machine duty of standard 20% lower rate 5% on takings
  14. Tobacco duty - up 5%, 37p on packet from 6pm tonight
  15. single tier pension, at a minimum of £140, will be set
  16. Corporation rate 1% right away......from next month 24%.......by 2014 corporation rate 22%
  17. From 2014 taxpayers will receive personal statements, detailing what they have paid and where the money is going
  18. Annual tax statements will be sent to taxpayers
  19. VAT loopholes and anomalies will be tackled
  20. Small firms will be taxed on amount of cash passing through their businesses rather than more complicated methods used for large companies