Budget 2000 in view

Article Abstract:

The British Mar 2000 Budget has introduced a number of changes for households and businesses. These changes include a drop in the basic tax rate to 22%, effective from Apr 2000. The inheritance tax rate is unchanged, though there is a rise in the threshold to 234,000 pounds sterling from 231,000 pounds. There are increases in stamp duty on real estate purchases above 250,000 pounds to 3%, and above 500,000 to 4%. Measures affecting companies include a new 10% starting rate of corporation tax for smaller businesses from April 2000.

Cover Story

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Budget 2001 in view

Article Abstract:

Measures introduced in the British Budget of Mar 2001 are examined in detail.

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The chancellor's favourite party tricks...

Article Abstract:

Likely changes in the United Kingdom Mar 1998 Budget could affect capital gains tax (CGT), inheritance tax (IHT), pensions, savings and mortgages. CGT may be altered to promote long-term investment. IHT could be levied at a higher rate, the threshold could be altered, or, as seems most likely, anti-avoidance measures could be introduced. Higher rate tax relief for pensions contributions could be abolished. Individual savings accounts are to be introduced. Tax relief on mortgages may also be abolished, though this is less likely as it is already being reduced to 10% from 15%.

Legislative Bodies, Budget, Tax administration and procedure

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