December 9, 2009 10:36
A brief summary of some of the announcements in Alistair Darling's pre-Budget report today.· One-off 50% tax on bank bonuses of more than £25,000· Inheritance tax to be frozen at £325,000 until 2011· VAT to return to 17.5% from 15% from 1 January 2010. No other changes to VAT· All national insurance rates to rise by 0.5% from April 2011 · Increase in corporation tax for small businesses to be deferred leaving rate at 21%