UK Chancellor's Budget 2009
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Whatever the outlook, be ready with KPMG.
Following the major announcements made in the Chancellor's Budget and the 2009 Finance Bill KPMG, namely around Personal Tax Accountability of Senior Accounting Officers (BN 62), 50% Income Tax Rate and the Taxation of Foreign Profits, KPMG LLP (UK) is running a programme of activity to provide you with an update on these major areas.
KPMG's Budget commentary and analysis is now available for you to download
You can also click here to watch a short video on how the Budget will impact business and here to watch a short video examining if the Chancellor has gone far enough to help UK business.
Our Budget Analysis
The 2009 Budget was a mixed bag on the corporate tax side. The surprise announcement of a temporary 40 percent First Year Allowance for expenditure on plant or machinery in the main capital allowances pool was welcome although it is far from certain that it will stimulate capital investment to the extent the Chancellor suggested.
The 2009 budget represents a housekeeping budget with neither revenue generating measures nor tax give-aways.
Budget 2009 contained two key measures targeted at higher earning employees.
In our Budget predictions we suggested that, given the current state of the economy, the Chancellor would be best advised to leave individuals and companies alone.
For all Budget press enquiries please contact KPMG's press office on
020 7694 8773.
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