Emergency Budget: Tuesday, 22 June 2010

From HM Treasury press notices we have put together an edited summary of the measures announced by Chancellor, George Osborne on Tuesday, 22 June 2010.

Click on the key points below to read the further details.

To view just the key points, click here.

• personal tax and benefit system
• rates and allowances
• tackling tax avoidance
• personal allowance, basic rate limit and NI threshold 2011/12
• corporation tax main rates
• corporation tax small profits rates
• capital allowances: rate and annual investment allowance
• zero emission goods vehicles
• research and development tax relief
• enterprise management incentives
• venture capital schemes
• film tax relief
• corporation tax avoidance
• insurance premium tax
• capital gains tax: rates and entrepreneurs’ relief
• individual savings accounts: indexing of limits from 2011
• pension annuities: age by which an annuity must be bought
• HMRC powers, deterrents and safeguards
• VAT: change to standard rate and anti-forestalling legislation
• VAT: change to flat rate scheme