TaxPersonal TaxGrant Thornton: Don’t expect tax cuts in pre-Budget

Grant Thornton: Don’t expect tax cuts in pre-Budget

Firm tells taxpayers to expect ‘more showboating than simplification’

Mid-tier firm Grant Thornton says chancellor
Gordon
Brown’s
Winter pre-Budget Report will not herald a range of tax cuts nor
will it be a ‘predominantly revenue-raising announcement’.

Ian
Luder, tax partner
at Grant Thornton, said the emphasis in the speech would
be on the stability of the economy, ‘a theme the Conservative opposition is also
lauding as central to their policy’.

Luder said the chancellor would address VAT carousel fraud, environmental
taxes while he is also likely to expand on the progress of the
Gershon
Review
, which is expected to bring about £20bn of public sector savings by
2007-08.

Further reading:

Corporation tax should be cut

MPs call for land tax to encourage home building

Revenue to launch blitz on tax returns

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