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Old 24-11-08, 12:53 PM   #1
arwilson80
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Join Date: Jul 2007
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Pre Budget Report...

...looks like there may be some (temporary) relief for us V6 owners.

Quote:
Will he be saying anything about taxes?

Usually there are few tax or benefit measures in a pre-Budget Report. That's really reserved for the Budget in spring.

But in the current difficult economic circumstances, it is widely expected that the government will announce an immediate cut in Value Added Tax (VAT) to 15% from 17.5%.

The chancellor is also expected to help businesses through the postponement of the next rise in corporation tax.

He is also expected to postpone the planned rise in vehicle excise duty, and extend the system of rebates for people affected by the abolition of the 10 pence tax rate.
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