Positive growth forecasts and falling unemployment set a positive tone for this year’s Budget speech, although the Chancellor was frank in his admission that the deficit is still too large. He targeted measures to increase saving, investment, building and exports. We are reviewing the Budget documents which have now been released and will be blogging … Continue reading Export more. Save more. Invest more. Build more.
Our more detailed reports on the 2012 Budget can be found by clicking on the links below and on the right-hand side of the Blog: General Business Taxation Creative and Innovative Industries Property Taxes Employee Incentives Pre-Budget Gambling Duty Post-Budget Gambling Duty To discuss how these changes affect you or your business, please contact a … Continue reading Olswang Budget Blog 2012 – Detailed Analysis
As expected, the Chancellor has announced that gaming machines will be moved into the VAT exemption for gambling and, at the same time, a new Machine Games Duty will be introduced (being a form of GPT for machines). The news is that the headline rate of the new duty will be set at 20%. More … Continue reading Changes to gambling duties
Darling’s announcement of a 2% reduction in the rate of bingo duty (to 20%) was the (apparent) good news. However, the fact that such reduction is to take effect from a date to be announced in next year’s Spring Budget is very disappointing. So the Chancellor’s headline-grabbing comment (which got one of the biggest cheers … Continue reading Gambling Duties