Budget 2010: Tax-relief restriction will cost employers £900m

The consultant said it has also increased its estimate of the annual costs of administering the new tax by more than one quarter. The new impact assessment - published alongside yesteday's Budget - says the one-off costs incurred during the transition to the new regime will total £900m - or around £3000 for each of the 300,000 taxpayers affected - compared with the £305m estimate published in December. The increase is particularly pronounced for employers, whose one-off costs are now expected to be £330m rather than £40m. Annual costs are now expected to be £115m, rather than £90m. ...