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Taxing matters

As the end of the tax year approaches, Gordon Pickering takes a look at pre-budget tax matters affecting practitioners

28 March 2003

Is nothing sacrosanct? First Chancellor Brown decides to hold his budget on Wednesdays – what was wrong with good old Tuesday afternoon? Now he has moved it to after the beginning of the tax year – 9 April to be precise. What’s more, gone is the civilised 3pm start – now he is scheduled to start at 12.30pm! The cynic may say all this moving is just to avoid the media catching up with him – a moving target is much more difficult to hit. Brown is cleverer than that, though. His way of lulling tax payers into a false sense of security is to announce penal tax changes years in advance. Stealth tactics Last April many employees were shocked to see what happened to their tax bill on their company cars. Some may have been pleasantly surprised, but others had forgotten the increases first mentioned in the 2000 Budget, not coming into effect until April 2002. What is worse, many people may still be operating with PAYE code numbers based on the old system and ...

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