Our Budget Analysis
KPMG's commentary and analysis on:
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.
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020 7694 8773.
