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A Time of Gifts?

Robin Williamson technical director of the Low Incomes Tax Reform Group offers a LITRG view of the 2005 Budget
This pre-election Budget and probably Gordon Brown's last had good news for low-income pensioners and people of working age. There was also a surprising bonus for students.
But problem areas remain. The welcome rises in tax credit rates continue to be offset for many low-income families by the devastating effects of the Revenue's methods of overpayment recovery. And the new legislation on civil partnerships leaves untouched an array of policy anomalies that we hoped would have been addressed.
We have expounded our views on tax credit overpayments many times in The Tax Journal so shall confine ourselves this time to heralding the good...

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