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This week’s newsletter is limited to matters raised by the Chancellor’s Pre-Budget Report on 9 December and in other documents published at the same time.  Predictably, the Chancellor had little to say on PAYE tax and NICs matters.  There were, however, many unexpected changes announced in areas such as pensions, car and van benefits, canteens, travel schemes, tax avoidance and something called “PAYE scheme pooling”.  And, also perhaps not too unexpectedly, the Chancellor announced a new, if temporary, tax on banking bonuses.

For further study, the Pre-Budget Report documents are available at:

• http://www.hm-treasury.gov.uk/prebud_pbr09_index.htm
• http://www.hmrc.gov.uk/pbr2009/index.htm.
  

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Written by Ian Congreave -

Filed under: Editorials on December 18th, 2009

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