‘George Osborne’s tax raid on North Sea oil producers will not stop one of the UK continental shelf’s most dedicated drillers from increasing production in the region by more than a quarter this year.
‘Angel investors are to be given more tax breaks to encourage investment in nascent businesses as part of David Cameron’s efforts to build an enterprise culture based on the nation’s “doers and grafters”.
‘Britain is open for business’ said the Chancellor last week as he reiterated the government’s ambition to create the most competitive tax system in the G20.
As Tax Journal readers know, the OTS recently delivered two major reports to the Chancellor. Our brief was to make recommendations that would simplify the tax system; it’s up to the Chancellor which to take forward.
Chris Sanger reviews the Budget 2011 Tax Proposals
Ian Brimicombe reviews the Budget 2011 Tax Proposals
The Budget was positive for most corporate groups with an extension of capital allowances, no increase to VAT, and the 1% reduction of corporation tax.
David Smith reviews the Budget 2011 Tax Proposals
John Hawksworth reviews the Budget 2011 Tax Proposals