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TaxationNews

  1. See full article at taxblogspot.com/?p=81 for information about HMRC's until now secretive staff financial bonus and incentive scheme. (FOI)
  2. It's OFFICIAL HMRC award themselves annual bonuses in a corrupt secretive system of financial incentives...
  3. Are you involved in agreeing Share Values with HMRC? See http://taxblogs.co.uk/?p=158 and link to the S Patrick Erdal v HMRC Tribunal ruling
  4. Link to main Budget Report http://cdn.hm-treasury.gov.uk/2011budget_complete.pdf
  5. UK Budget 2011 - Taxation - Approved Mileage Allowance Payments (AMAP) (FPCS) increase from 40p per mile to 45p from April 2011
  6. UK Budget 2011 - Other duties to increase as previously announcemented
  7. UK Budget 2011 - Fuel Duty also cut by 1p per litre from tonight
  8. UK Budget 2011 - Fuel Duty - Escalator cancelled for the rest of this parliament. Will be reintroduced when oil prices fall again.
  9. UK Budget 2011 - Council Tax frozen in all England counties
  10. UK Budget 2011- Tobacco duty to increase by 2%
  11. UK Budget 2011 - Anti-avoidance measures estimated to raise additional £1Billion in tax revenues
  12. UK Budget 2011 - Personal Allowance up by £1,000 from April 2011 and up to £8,105 from April 2012
  13. UK Budget 2011 - Taxation - Various new anti-avoidance measures to be introduced. Including loan schemes.
  14. UK Budget 2011 - Taxation - Where 10% of an estate is left to charity the rate of IHT on the balance will be reduced by 10%.
  15. UK Budget 2011 - Charitable Giving - Simply Gift Aid and online scheme to simply administation. Limit to be increased from £500 to £2500
  16. UK Budget 2011 - State Pension new single tear pension - flat rate. Estimated to be be worth £140 per week to be introduced
  17. UK Budget 2011 - 100,000 places on a new Work Experience Scheme
  18. UK Budget 2011 - Funding for additional 40,000 apprenticeships
  19. UK Budget 2011 - Funding for 21 new enterprise Zones sites to be announced tomorrow and London Mayor asked to select on for London
  20. UK Budget 2011 - Taxation - Small Firm Research and Development (R&D) relief is to increase to 200% then to 225% the following year