Tax Planning

The Chancellor has set out plans to clamp down on the use of tax loopholes and reliefs as part of a raft of measures targeting the wealthy.

The 50p top rate of income tax will be reduced to 45p from April next year, Chancellor George Osborne announced this afternoon.

Corporation tax is to be reduced from 26% to 24% from 1 April in an attempt to attract business investment.

BUDGET ODDS

Two members of the Bank of England's Monetary Policy Committee called for further stimulus to offset the UK's lacklustre growth, the minutes of the latest meeting have revealed.

About 66% of Brits expect today's Budget will leave them feeling less confident about their finances, according to research.

Children could miss out on more than £300m in returns on savings over the next decade because of government rules preventing transfers from child trust funds (CTF) into Junior Isas, according to new research.

The Chancellor George Osborne will today raise stamp duty on the country's highest priced properties as part of a tax raid on the wealthy.

The Chancellor is likely to significantly increase the personal tax allowance in his Budget speech today, reports suggest.

IFAonline today brings you LIVE coverage of all the measures in what some observers are dubbing a "Budget for the rich".