12 March 2008 Budget Report

This Report, which was written immediately after Alistair Darling's first Budget as Chancellor of the Exchequer, is intended to provide an overview of the announcements most likely to affect you or your business.

We are here to advise. We can help you to reassess your plans regularly, and adapt them as your personal and business circumstances change. With our advice we can help you plan for a rewarding and financially secure future.

How to make the most of our services

  • Please read the Report as soon as possible.
  • Visit our tax calendar. It details many of the key dates and deadlines for the coming year.
  • Contact us as soon as possible to discuss any action you may be considering, and to review your longer term plans. We always welcome the opportunity to help.

Please note: while most taxation changes take effect from the start of the financial year, or tax year, some may not take effect until 2009, or later. Where relevant, details of these changes have been included in this Report.

The Budget Speech is followed by the publication of Finance Bill 2008 and, in due course, probably around July 2008 the Finance Act 2008 will receive Royal Assent. This will trigger some of the changes that are outlined in our Report.

Our 2008 Budget service includes an easy to navigate report covering most of the personal and business changes. Please review our Report and, where you see announcements that are of interest, do please contact us in order that we may advise you regarding your own particular situation and requirement.

Business incentives in the budget, venture capital schemes and enterprise management incentives.
There are changes to the residence provisions and many changes relating to taxation of the income and capital gains of non domiciliaries. The taxation treatment of the income and gains of offshore trusts has also changed.
National insurance contributions tax rates and allowances.
Budget stamp duty announcements.