10 December 2009
Following several consultation papers released by HMRC throughout 2009, many contractors had feared that the government was about to re-introduce income-shifting proposals and introduce measures to tackle 'false self-employment', but regulations remain unchanged following Wednesday’s announcement.
Chancellor of the Exchequer Alistair Darling delivered this year’s Pre-Budget Report at a time of great uncertainty for the UK economy. While the recession appears to be levelling out, and there are even some tentative signs of recovery, most economists agree that the road ahead will be a rocky one, with rising unemployment and high levels of personal and government debt likely to have a negative impact. The need to reduce the current record levels of government borrowing has hampered the government’s ability to offer standard pre-election giveaways, with several tax rises already on the horizon and increased measures to clamp down on avoidance.
Summary of key proposals
Summary of key proposals announced.
Setting the scene
VAT and duty
Details of changes to VAT and duty.
Income tax
Details of changes to income tax.
National Insurance
Details of changes to National Insurance.
Business and enterprise
Details of changes to business and enterprise.
Housing and mortgages
Details of changes to housing and mortgages.
Benefits and working families
Details of changes to benefits and working families.
Pensions and retirement
Details of changes to pensions and retirement.
Company cars
Details of changes to company cars.
The environment
Details of changes to the environment.
Official documents from Alistair Darling's 2009 Pre-Budget
Presented to Parliament by the Chancellor of the Exchequer by Command of Her Majesty
View full Pre-Budget Report 2009
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