Introduction
Personal Income Tax
Tax Credits
National Insurance Contributions
Employees
Savings
Trusts
Capital Gains Tax
Stamp Duty Land Tax
Inheritance Tax
Corporation Tax
Business Tax
Value Added Tax
Other Measures
Tax Tables
National Insurance
Budget Summary Introduction
| Each time the Chancellor delivers a Budget speech, everyone
expects it to be his last - and yet Mr Blair is still at Number 10
and Mr Brown is still next door. He started this year's speech
by reminding us that no Chancellor has presented ten successive Budgets
for 180 years. It has become hard to imagine anyone else doing it.
Maybe next year... Mr Brown aimed for popularity by freezing the duty on spirits and champagne (in expectation of celebrating the World Cup), and nodded to the Green lobby by increasing Vehicle Excise Duty on gas guzzling cars. As usual, the speech contained a great number of statistics to demonstrate that the economy is thriving under the best possible management, much better than "the last lot" - all Chancellors say that. What this speech did not include was much of the detail of the tax changes for individuals and businesses. That was contained in 156 pages of press releases and the Treasury "Red Book" that are published the moment the Chancellor sits down. This booklet summarises the main changes, reveals some of those details that the Chancellor did not mention, and outlines their likely impact on the average taxpayer. Significant points
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