George Osborne’s Budget: Reaction from Duncan & Toplis
News release 20th March 2013The Chancellor announced a ‘fiscally neutral’ Budget today notable for containing a few targeted tax reductions largely financed by savings in Government spending, writes Michael Cope of leading chartered accountants Duncan & Toplis. Help for Individuals There will be an increase in the personal allowance (the threshold above which individuals will start to pay tax) to £10,000 from 6th April 2014. This increase gives more tax relief for all taxpayers, and unlike in some prior years this will include higher rate taxpayers as well. The Chancellor opened