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Business tax: Indexation allowance

Business tax: Indexation allowance

The Office for National Statistics released the latest inflation information on 15 June. The retail prices index (RPI) for the year to May 2010 was 223.6 representing a rise of 5.1% over May 2009. RPI was however slightly down from the recent high of 5.3% in April. For the same period the consumer prices index was up 3.4%.

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