Our team of reporters will begin AccountancyAge.com’s Budget 2003 coverage as soon as the chancellor begins to speak and you can follow it by refreshing the homepage or by going to www.accountancyage.com/Budget2003.
Experts expect the chancellor to announce:
- Economic growth at 2% in 2003 and 2.4% forecast in 2004
- Government borrowing to climb to £27bn in 2003/2004
- Extensions to the R&D tax credits scheme
- Increases to Landfill tax
- Stamp duty on commercial properties to rise
- Duties on cigarettes, alcohol and fuel to rise
- No changes to VAT, inheritance tax and stamp duty on houses.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements