Phone: 01206 273908
Email: info @ tayloranddavis.co.uk

Pre-Budget Report 2011

Highlights from the November 2011 pre-budget report

  • The main rate of corporation tax to be cut from 26% to 25% in Apr 2012 - The Government intend to reduce this further to 23% by 2014
  • The planned Jan 2012 3p fuel duty increases had been postponed until Aug 2012, and the planned 2p increased originally planned for Aug 2012 has been cancelled
  • Average rise in regulated train fares has been capped at 6%. 1% above inflation but lower than the 8% cap previously expected
  • Credit easing programme to underwrite up to £40bn in low interest loans to small and medium sized businesses
  • The business rate holiday relief for small firms has been extended to Apr 2013
  • £1bn "youth contract" to subsidise six month work placements for up to 410,000 young people
  • State pension age will increase to 67 from 2026, 8 years earlier than previously planned
  • New mortgage indemnity scheme to help up to 100,000 people buy homes with a 5% deposit
facebook-sml linkedin-sml
 
 

 

FSB very smallaat logo very small 2Office: 01206 273908 | Email: info @ tayloranddavis.co.uk

Copyright © 2006--2018 Taylor and Davis Ltd. All Rights Reserved

View our cookie policy

 

Licensed by the Association of Accounting Technicians to provide accounting services in accordance with license no.1797,details

available at the company address.