This may be the first full Budget statement that Alistair Darling has made to
the House of Commons, but with pressure mounting on him over the Northern Rock
fiasco and widespread criticism of some of the measures introduced in last
year’s pre-Budget report, he could struggle to make it to his second.
The chancellor attempted to appease non-doms, postponed changes for family
and raised £1.7bn from closing down tax loopholes.
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HMRC intends to extend the date for withdrawal of transitional relief on investment growth from 30 November 2016 to 31 March 2017
The current business rates system is over-complex and reform is needed, but reforms should focus first of all on simplifying the appeals process, particularly for businesses which are subject to business rates exemption
The CIoT has called on the government to rethink its approach to ensuring online sellers pay the correct amount of VAT.
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury