Some good news from the PBR

Discussion in 'Accounts & Finance' started by Jaydee, Nov 25, 2008.

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  1. Jaydee

    Jaydee UKBF Enthusiast Free Member

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    In case anybody missed it while the media were hyping the headline changes such as VAT:

    Income Shifting
    In the current economic climate, the Government has decided to defer taking any action and will not bring forward legislation in the Finance Bill 2009. It will, however, keep the issue “under review”.



    Hopefully, no companies had changed their shareholdings yet in expectation of April!
     
    Posted: Nov 25, 2008 By: Jaydee Member since: May 27, 2007
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  2. Jenni384

    Jenni384 UKBF Big Shot Full Member

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    Thanks Jaydee, yes I noticed this as well and it's welcome news :)
     
    Posted: Nov 25, 2008 By: Jenni384 Member since: Oct 1, 2007
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  3. Philip Hoyle

    Philip Hoyle UKBF Ace Free Member

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    Must be a bit of a sickener for all those businesses whose accountants have been telling them not to put shares in the spouse's name for the last couple of years, and some who've even been recommending clients to transfer shares back from the spouse to the main earner!
     
    Posted: Nov 25, 2008 By: Philip Hoyle Member since: Apr 3, 2007
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  4. RAL

    RAL UKBF Enthusiast Free Member

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    Planned increase of small companies CT rate from 21% to 22% from 01/04/2009 has been deferred until 01/04/2010.

    Plus extension of trading loss carry back to three years currently is for one year to claim repayments of tax.
     
    Posted: Nov 25, 2008 By: RAL Member since: Aug 31, 2008
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  5. Jenni384

    Jenni384 UKBF Big Shot Full Member

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    And more time to pay all business taxes for those having trouble.
    While that's welcome, it will have a knock-on effect for quite a while afterwards.
     
    Posted: Nov 25, 2008 By: Jenni384 Member since: Oct 1, 2007
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