Coalition Budget 2010 Analysis
Chancellor George Osborne presented his first Budget to the House of Commons today to a packed House of Commons. Significant changes included:
- A VAT rate rise from 17.5% to 20% from 4 January 2011
- Capital Gains Tax to rise from 18% to 28%
- Entrepreneurs relief rate of 10% on the first £2m of gains is extended to the first £5m
- A bank levy, which will be introduced from January 2011
Full details of the 2010 budget, can be found in our free budget summary and tax card, which can be downloaded on the right of this page. If you have any questions about how the Budget could impact you, feel free to contact us on 0131 558 5800.