budget 2012 predictions

First Budget Predictions of 2012

With just over two weeks to go before the Chancellor delivers his third and possibly most challenging yet Budget, experts at top 20 accountancy firm Kingston Smith LLP offer their predictions for the Treasury’s measures to stimulate growth, fund these policies via increases in personal tax, and clampdown on avoidance. Income Tax It has been suggested that the Chancellor may introduce planned increases in the personal income tax allowance earlier than the due date of April 2015. Andrew Shaw, head of Personal Tax at top 20 accountancy firm Kingston Smith, comments: “Whilst we all agree that raising personal tax allowances to £10,000 is a good idea to help the lowest earners, it will, in reality, be eye-wateringly expensive. To pay for this, the Chancellor is likely to claw ... »