Tax Planning

FIVE THINGS

Up to five million workers will pay the higher rate of income tax following changes in the Budget, analysis from the Institute of Fiscal Studies has found.

CYNICAL

The government has come under fire for plans announced in the Budget to change tax allowances for pensioners, as stakeholders begin digesting the Chancellor's measures.

George Osborne today delivered what he called "a Budget for working people". Here we pick the best quotations.....from the horse's mouth.

Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set up to access tax reliefs.

Hundreds of thousands of basic rate taxpayers will fall into the 40% income tax bracket when the government lowers the threshold next year.

BUDGET-LITE

The limit at which child benefit will be scrapped for families has been increased to £50,000, Chancellor George Osborne announced today.

The point at which people start paying income tax will be increased to £9,205 from April next year, George Osborne announced in today's Budget.