Grant 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

Related Articles

Supreme Court rules against Pimlico Plumbers in landmark employment case

Legal Supreme Court rules against Pimlico Plumbers in landmark employment case

1m Alia Shoaib, Reporter
Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

2m Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

4m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

5m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

7m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

8m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

9m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

9m Emma Rawson, ATT Technical Officer