A summary of the 2009 Pre-Budget Report (in less than 50 words)
50% employer tax on bank bonuses, a freeze on all tax rates and allowances, National Insurance increases from 2011.

No changes to equalise capital gains tax (CGT) rates, or change CGT Private Residence Relief.  VAT increase at midnight, 31 December, as planned.


The highlights:

Tax compliance

  • New consultations:

    Working with Tax Agents: the next stage

    Travel schemes and National Minimum Wage (NMW): a review of how some travel schemes are used to claim tax relief on travel and use this to offset the NMW requirements.