So now we’ve heard it – George Osborne’s second Budget speech. So what exactly did the Chancellor say and, more importantly, what did it actually mean?
Budget speeches tend to be fairly uninspiring affairs. However, the background documents are usually more enlightening. To save you having to trawl through hundreds of pages of government and HMRC press releases, our summary of the main changes will quickly bring you up to speed and hopefully be a lighter read.
A summary of this year’s Budget is now available on our website at www.freestyleaccounting.com/resources/budget-summary-2011.pdf
Written in plain English, we have broken the summary down into the main areas of taxation, including business and corporate, employment, personal and capital. We have also included comments on the more important changes, together with any planning points that may arise.