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Budget 2008 - What's new?


Budget 2008

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Budget 2008 - Another fine mess?

Oliver Hardy famously said to Stan Laurel: "That's another fine mess you've gotten us into." Fast forward 75 years and Chancellor Alistair Darling could be forgiven for thinking the same.

Budget 2008 - A Gateway to saving money?

The Chancellor announced details of the new Savings Gateway scheme - the plan set to be aimed at poorer individuals on child tax credits, income support and so on.

Budget 2008 - EIS tax relief threshold increased

In a move aimed at boosting small businesses Alistair Darling announced that the tax relief threshold for investments in the EIS (Enterprise Investment Scheme) is to be raised from £400,000 to £500,000.

Budget 2008 - No Stamp Duty respite for (most) homebuyers

Despite (long-shot) hopes that Stamp Duty tax bands would be raised to take account of house price inflation over the last decade the Chancellor abjectly failed to deliver for most homebuyers - save for the estimated 95,000 people able to buy their homes through shared equity schemes.

Budget 2008 - Tinkering at the edges

In a Budget thin on content, the Chancellor still took the opportunity to impose a number of tax hikes or tweak existing measures.

Budget 2008 - The case for investment bonds?

Budget 2008 confirmed the changes to Capital Gains Tax (CGT) for mutual funds announced in the Pre Budget Report.

Budget 2008 - Little cheer for the private investor

With the possible exception of an increase in the annual Enterprise Investment Scheme allowance to £500,000 per annum, there was little in the Budget to excite the private investor, says F&C's Jason Hollands.

Budget 2008 - Top tips for small businesses

With many of the detailed changes announced in the Budget having an impact on the running of a company Steve Jennings, Director of Business Banking at Alliance & Leicester Commercial Bank, gives the following top tips...

Budget 2008 - Car Tax damp squib?

The Chancellor has piled on the cost of a gas-guzzler in the showroom, arguing that raising vehicle excise duty to £950 in the first year will influence consumers' purchasing decisions.

Budget 2008 - Tax measures already announced

Chancellor Alistair Darling has followed his predecessor Gordon Brown in the practice of pre-announcing a variety of tax measures that will take effect following Budget 2008.

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13 March 2008 © Moneyextra.com

 

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