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FL Memo Ltd © 2007

Tax Memo 2007-2008 Newsletter Issue 1

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Contents

PBR news

 

 

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Welcome to the first newsletter for the 2007/08 edition of Tax Memo. This pulls together all relevant announcements made by the Chancellor in the Pre-Budget Report on 9 October 2007 to provide a comprehensive analysis in one document. The relevant paragraphs in your Memo product will also be updated individually online.

We hope you find this particular newsletter useful and informative and welcome any comments you may have as to how we can improve our service.  We look forward to receiving your emails at flm@flmemo.co.uk.

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Newsletter Issue 1

October 2007

TAX MEMO 2007-2008

185 PARK STREET

BANKSIDE

LONDON

SE1 9DY

(T) 020 7803 4666

(F) 020 7803 4699

Disclaimer

This newsletter is provided on the understanding that the information contained within it is for guidance only, and that the publisher is not in business to provide legal or accounting advice or other professional services. Readers entering into transactions on the basis of, or otherwise relying on, such information should seek the services of a competent professional adviser.

Whilst every care has been taken to ensure the accuracy of the contents, the editors and the publishers cannot accept responsibility for any loss occasioned to any person acting or refraining to act as a result of any statement in it.

PBR announcements:

Corporation tax:

» employer pension contributions

» capital allowances ...

Income tax:

» fuel benefit charge

» ongoing pensions reform

» residence and domicile review …

PAYE and NIC:

» NIC exemption and holiday pay

Capital gains tax:

» capital gains tax reform

Inheritance tax:

» nil rate band and couples

» alternatively secured pensions

Trusts:

» family run businesses

VAT:

» refurbishment of empty properties

Stamp taxes:

» planning gain supplement

» SDLT notifiable transactions ….

Other indirect taxes:

» landfill tax

» air passenger duty